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Govt sells 5% in GIC via OFS, to garner ₹3k crore
The New Indian Express Chennai
|June 18, 2026
THE government on Wednesday said it has sold a five per cent stake in the public sector reinsurance company, the General Insurance Corporation of India (GIC), with an enthusiastic response from investors to the offer for sale.
The stake sale is expected to garner about ₹3,000 crore to the exchequer, taking the total proceeds from five PSU disinvestments so far in the current fiscal to around ₹16,000 crore. Non-retail investors oversubscribed t
This story is from the June 18, 2026 edition of The New Indian Express Chennai.
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