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 stake in the state-owned reinsurer opened for investors.

The Indian government plans to sell a 5% stake in General Insurance Corporation through an OFS starting June 16.

The Indian government plans to sell a 5% stake in General Insurance Corporation through an OFS starting June 16.

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…

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…