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.
General Insurance Corporation of India (GIC) shares declined 6% as the government's Offer For Sale (OFS) opened. The government plans to divest up to a 5% stake in GIC at a floor price of Rs 352 per share, aiming to raise over Rs 3,087 crore. This move is part of the broader…
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