The Government of India has initiated an Offer of Sale (OFS) to divest its stake in the General Insurance Corporation of India (GIC).
7 reports, 6 independent
Updated Jun 17
Gone quiet
Reached 6 outlets in its first 24 hours
- Reports
- 7
- Developments
- 4
- Repetition
- 57%
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 Government of India has initiated an Offer of Sale (OFS) to divest its stake in the General Insurance Corporation of India (GIC).
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- The divestment of GIC is underway, with NSE expected to file DRHP with SEBI, while SBI and LIC are key shareholders.Sub-event
Divestment of GIC by GoI to meet public shareholding norms.1 source
GoI initiates OFS to divest stake in GIC.1 source
GoI initiates divestment of General Insurance Corporation of India equity.1 source
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The entities involved
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Government of India
legislative, executive and judiciary authority of India
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General Insurance Corporation of India
reinsurance company in the Indian insurance market