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GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount
The government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today at a floor price of Rs 352 per share. This move aims to raise over Rs 3,087 crore and is part of the government's broader disinvestment strategy.
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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.
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timesofindia.indiatimes.com
Govt to sell up to 5% stake in GIC at Rs 352 per share; OFS opens June 16
The government will sell up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale (OFS) at a floor price of Rs 352 per share, with the issue…
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m.economictimes.com
GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount
The government is set to divest up to a 5% stake in General Insurance Corporation of India (GIC) through an offer for sale, opening today at a floor price of Rs 352 per share.…
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GIC Re shares tumble 6% as govt launches OFS to divest up to 5% stake
Shares of General Insurance Corporation of India (GIC Re) fell over 6 per cent in early trade on Tuesday after the government’s offer for sale (OFS) to divest up to a 5 per cent…
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thehindu.com
Government to sell upto 5% stake in General Insurance Corporation, OFS opens June 16
Government to sell up to 5% stake in General Insurance Corporation at a discounted floor price starting June 16.
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GIC Re stake sale oversubscribed 3.72 times, govt. to exercise green shoe option
The Centre’s decision to shed stake in General Insurance Corporation of India was oversubscribed 3.72 times on day one of the two-day offer for sale (OFS) on Tuesday.