Shareholding19 Jun 2026, 02:53 pm
GIC of India: Promoter Sells 5% Stake via Offer for Sale
AI Summary
General Insurance Corporation of India (GIC) announced the completion of an Offer for Sale (OFS) initiated by its promoter, the President of India, acting through the Ministry of Finance. The sale involved 5.00% of the company's total paid-up equity share capital, amounting to 8,77,20,505 equity shares. This transaction was conducted through a separate window on BSE and NSE. The promoter's holding in GIC has reduced from 82.40% to 77.40% post the sale.
Key Highlights
- Promoter (President of India) sold 5.00% stake in GIC.
- Total of 8,77,20,505 equity shares were sold.
- Post-sale promoter holding reduced to 77.40% from 82.40%.
- Transaction executed via Offer for Sale (OFS) on stock exchanges.
Price Impact
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