The Centre is set to launch an Offer for Sale (OFS) of 59.5 million shares in General Insurance Corp (GIC), reducing its stake from 85.78% to 79%. The floor price is Rs 395 per share, expected to raise around Rs 4,701 crore. This move aligns with SEBI’s public shareholding requirement.
from Stocks-Markets-Economic Times https://ift.tt/nWUqafv
Government to launch OFS for 6.78% stake in GIC, floor price set at Rs 395
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