GIC Re OFS Sees Strong Response, Govt to Offer Additional 3% Stake for ₹3,075 Crore
The Indian government’s offer for sale (OFS) in General Insurance Corporation of India (GIC Re) received a strong response from investors, with the issue subscribed 3.72 times. The government will offer an additional 3% stake, expected to raise up to ₹3,075 crore.