The OFS has a total issue size of up to ₹3,088 crore (about $326 million). The base offer comprises a 2% stake sale worth up to ₹1,235 crore, with an option to sell an additional 3% stake through a greenshoe option, taking the total size to ₹3,088 crore.
The government will sell up to 5.0 per cent stake in General Insurance Corporation of India (GIC) at a floor price of Rs 352 per share. Offer for Sale in General Insurance Corporation of India (GIC) opens on 16.06.2026 (Tuesday) for Non-Retail investors. Retail investors and… pic.twitter.com/DQHUcbSQzh
— Secretary, DIPAM (@SecyDIPAM) June 15, 2026
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The floor price for the OFS has been fixed at ₹352 per share, representing a 9.1% discount to the stock’s last closing price. The OFS will open for non-retail investors on June 16, while retail investors can participate on June 17.
Through the transaction, the government aims to reduce its holding in GIC Re by up to 5%, subject to demand under the offer.
Shares of General Insurance Corporation of India ended at ₹387.15, up by ₹8.45, or 2.23%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
First Published: Jun 15, 2026 8:49 PM IST
