Shareholding15 Jun 2026, 08:10 pm
GIC of India Promoter to Sell Up to 5% Stake via OFS
AI Summary
General Insurance Corporation of India's promoter, the President of India (Ministry of Finance), plans to sell up to 5% of the company's equity shares through an Offer for Sale (OFS) on June 16-17, 2026. The base offer size is 2.00% (35,088,000 shares), with an option to sell an additional 3.00% (52,632,000 shares). An additional offer of up to 20,000 shares may be made to eligible employees. This OFS is being conducted to meet the minimum public shareholding requirements. The sale will occur through a separate window on BSE and NSE.
Key Highlights
- Promoter to sell up to 5% stake in GIC of India via OFS.
- Offer dates: June 16 (non-retail) and June 17, 2026 (retail/employees).
- OFS aims to meet minimum public shareholding norms.
- Base offer size is 2%, with an oversubscription option for an additional 3%.
- Up to 20,000 shares may be offered to employees.
Price Impact
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