Govt completes 5% OFS in GIC Re, including 3% green-shoe option: DIPAM Sect
Published on: June 17, 2026, 6:31 p.m. | Source: Devdiscourse
The Government of India has completed the divestment of its 5 per cent stake in General Insurance Corporation of India (GIC Re) after the offer for sale (OFS) closed with full subscription of both the base offer and the green-shoe option, according to the Department of Investment and Public Asset Management (DIPAM).
