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Govt completes 5 per cent OFS in GIC Re, including 3 per cent green-shoe option: DIPAM Sect
The Statesman Bhubaneswar
|June 18, 2026
The Government of India has completed the divestment of its 5 per cent stake in General Insurance Corporation of India (GIC Re) after the offer for sale (OFS) closed with full subscription of both the base offer and the green-shoe option, according to the Department of Investment and Public Asset Management (DIPAM).
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The successful closure follows strong investor demand for the issue, which was oversubscribed 3.72 times on the very first day of bidding by non-retail investors, prompting the government to exercise the entire green-shoe option.
Dit verhaal komt uit de June 18, 2026-editie van The Statesman Bhubaneswar.
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