Business
Source: Yahoo Finance
India Plans to Divest Up To 5% Stake in GIC Through Offer for Sale
India is set to divest a stake of up to 5% in the General Insurance Corporation of India (GIC). The divestment will be executed through an offer for sale (OFS) mechanism. This move is part of the government's broader strategy regarding public sector undertakings.
By Fainaron·Jun 16, 2026 (an hour ago)·1 views
The Indian government plans to divest up to a 5% stake in the General Insurance Corporation of India (GIC).
This divestment will be carried out using an offer for sale (OFS) process. An offer for sale allows promoters to sell their shares to the public through the exchange platform.
Specific details regarding the timing of the offer or the expected proceeds were not immediately available.
According to Yahoo Finance, this initiative reflects ongoing efforts in the financial sector.
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Yahoo Finance. Read the original at Yahoo Finance →
