General Insurance Corporation stake sale oversubscribed by 108.5% on first day
3 months, 2 weeks ago

General Insurance Corporation stake sale oversubscribed by 108.5% on first day

The Hindu  

The bids for the offer for sale of General Insurance Corporation of India was oversubscribed by 108.5% on its first day, according to data from Bombay Stock Exchange. “Offer for sale in GIC got positive response today from non-retail investors. Retail investors and employees of the GIC will get a chance to bid tomorrow” said the Secretary of Disinvestment and Public Asset Management in a post on X. The Ministry of Finance opened bids for OFS to sell 6.7% stake in public sector re-insurer General Insurance Corporation of India for ₹4,701 crore, according to its regulatory filings.

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