GIC shares decline 6% as Rs 3,088 crore OFS opens at 9% discount

June 16, 2026

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.

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