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.
The Indian government will sell up to a 5% stake in General Insurance Corporation (GIC) through an Offer For Sale (OFS). The OFS opens for non-retail investors on June 16 and for retail investors on June 17. The floor price for the shares has been set at 352 Indian rupees per…
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