Shares of General Insurance Corporation of India (GIC) are in focus on Wednesday, June 17, as its offer for sale (OFS) opens for retail investors.

India

Who

General Insurance Corporation of India (GIC), retail investors, non-retail investors, DIPAM Secretary, Nirmala Sitharaman

What

When

Wed, 17 Jun 2026 03:01:46 GMT · 2h 15m ago

Where

India ·

Why

The government launched the GIC OFS to offload a 2% stake worth ₹1,235 crore with an option to sell an additional 3% stake.

The Frontline Impact

How this affects you

The government aims to garner over ₹3,000 crore by selling a 5% stake in GIC, contributing to its disinvestment target of ₹80,000 crore for the financial year 2027.

Story chain

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Verified Sources & Citations

CNBC TV18
https://www.cnbctv18.com/market/gic-share-price-ofs-opens-for-retail-today-how-to-subscribe-non-retail-response-shareholding-19926843.htm
HIGH

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