OFS Alert: Centre To Sell Up To 5% Stake In General Insurance Corp; Floor Price Fixed

The OFS opens for institutional investors on June 16 and retail on June 17 The Government of India on Monday announced plans to sell up to a 5% stake in General Insurance Corporation of India (GIC) via an Offer for Sale (OFS), according to a regulatory filing with the stock exchanges. Under the proposed transaction, the government will initially offer…

Key Insights

• This topic is currently trending
• Experts are closely monitoring developments
• It may impact future decisions