The offer for sale (OFS) received bids for 58 million shares from institutional investors as against a total of 119 million on offer. Most bids came closer to the floor price of ₹395, data provided by stock exchanges showed. Another 11.9 million shares reserved for retail investors will be auctioned on Thursday. Shares of GIC Re fell 5.6 per cent to end at ₹398 in the secondary market trade.
This story is from the September 05, 2024 edition of Business Standard.
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This story is from the September 05, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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