Government to sell upto 5% stake in General Insurance Corporation, OFS opens June 16

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 opening for institutional investors on…