- Government of India is offloading stakes in various PSUs, including Coal India and GIC.
- The Government of India has initiated an Offer of Sale (OFS) to divest its stake in the General Insurance Corporation of India (GIC).
The divestment of GIC is underway, with NSE expected to file DRHP with SEBI, while SBI and LIC are key shareholders.
3 reports, 1 independent
Updated Jun 17
Gone quiet
- Reports
- 3
- Developments
- 2
- Repetition
- 33%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The divestment of GIC is underway, with NSE expected to file DRHP with SEBI, while SBI and LIC are key shareholders.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Shareholding structure and sale activities of GIC are detailed, including NSE filings with SEBI.1 source
Mauritius entities and GIC Re are proposed sellers in the GIC IPO, with NSE filing DRHP.1 source
Keep exploring
The entities involved
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General Insurance Corporation of India
reinsurance company in the Indian insurance market
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Securities and Exchange Board of India
registration authority
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State Bank of India
Indian public sector bank and financial services organization
Related events
- NSE is conducting a mega IPO via OFS, with GIC and SBI selling stakes, and SEBI reviewing the filing.
- State Bank of India, General Insurance Corporation of India, and Bank of Baroda are selling shares in an NSE IPO.
- The ownership structure of the National Stock Exchange (NSE) was detailed, showing LIC as the largest shareholder and listing stakes held by SBI and SHCIL.
- SEBI was directed to obtain information from the Bombay Stock Exchange, and the Bombay High Court reviewed SEBI's challenge to CIC orders.
- SEBI conducted searches in Thane, Mumbai, and Delhi, while identifying shareholders in a Delhi NBFC.