Strong investor response triggered the full greenshoe option, despite a sharp 9% drop in the state-owned reinsurer's share price during the transaction.
The government's 5% Offer for Sale (OFS) in GIC Re saw strong investor response, leading to full subscription and the triggering of its greenshoe option. This success is a positive indicator for the government's FY27 divestment drive, demonstrating robust market confidence. The…
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