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Govt to sell up to 5% stake in insurer GIC via OFS
The Indian government is set to divest up to a 5% stake in General Insurance Corporation. This offer for sale begins for non-retail investors on June 16 and for retail investors on June 17. The floor price is fixed at 352 Indian rupees per share. This move is part of a larger plan to meet public shareholding norms.
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thehindubusinessline.com
Govt to sell up to 5% stake in General Insurance Corporation
The Indian government plans to sell a 5% stake in General Insurance Corporation through an OFS starting June 16.
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Government to sell up to 5% stake in General Insurance Corporation
The Indian government plans to sell a 5% stake in General Insurance Corporation through an OFS starting June 16.
