Govt plans to raise ₹4,700 cr by selling 6.8% stake in GIC
The New Indian Express|September 04, 2024
THE central government is planning to raise 4,700 crore by offloading 6.78% stake in General Insurance Corporation of India (GIC) through Offer for Sale (OFS).
Govt plans to raise ₹4,700 cr by selling 6.8% stake in GIC

The government will divest 3.39% equity with an additional 3.39% as green shoe option. The floor price is fixed at ₹395 a piece against its last traded price of ₹421.25.

This story is from the September 04, 2024 edition of The New Indian Express.

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This story is from the September 04, 2024 edition of The New Indian Express.

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