General Insurance Corporation of India: Govt Sells 5% Stake via OFS

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AuthorVihaan Mehta|Published at:
General Insurance Corporation of India: Govt Sells 5% Stake via OFS

The President of India, through the Ministry of Finance, has successfully divested a 5% stake in General Insurance Corporation of India (GIC Re) via an Offer for Sale (OFS). This reduces the promoter holding from 82.40% to 77.40%.

Government Divests 5% Stake in GIC Re via OFS

Government of India reduces promoter holding in General Insurance Corporation of India (GIC Re) by 5.00%. **Key Highlights:** * Promoter Holding Before Sale: 82.40% (1,44,55,67,615 shares) * Shares Sold via OFS: 5.00% (8,77,20,505 shares) * Promoter Holding After Sale: 77.40% (1,35,78,47,110 shares) ## What just happened The President of India, acting through the Ministry of Finance, has successfully reduced its stake in General Insurance Corporation of India (GIC Re) by 5%. This divestment was carried out using an Offer for Sale (OFS) mechanism on the stock exchanges. The OFS process took place over two days, June 16 and June 17, 2026, accommodating different investor categories.

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Disclaimer:This article is published for informational purposes only. While reasonable efforts are made to ensure accuracy, completeness, and timeliness, readers are encouraged to independently verify information before making any decisions based on the content. The views and information presented are subject to editorial review and may be updated without notice.

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