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NDTV PROFIT - LATEST · INDIAN ·

GIC OFS: Govt To Sell 3% More Stake In Insurer Via Green Shoe Option

As reported by NDTV Profit - Latest
Issue oversubscribed 3.72 times on Day 1; retail investors and employees can bid on June 17.
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The Indian government plans to divest an additional 3% stake in General Insurance Corporation (GIC) through an Offer For Sale (OFS), utilizing a green shoe option. The initial issue saw significant demand, being oversubscribed 3.72 times on its first day. Retail investors and…

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