𝗚𝗜𝗖 𝗢𝗙𝗦 𝗢𝗽𝗲𝗻𝘀 𝗧𝗼𝗱𝗮𝘆

𝗚𝗜𝗖 𝗢𝗙𝗦 𝗢𝗽𝗲𝗻𝘀 𝗧𝗼𝗱𝗮𝘆

The government is selling up to 5% of its stake in General Insurance Corporation of India (GIC). The offer for sale (OFS) opens today, June 16, 2026.

GIC is a public sector reinsurance company based in Mumbai. This sale makes GIC the fifth company the government has sold stakes in this period.

Previous stake sales include:

• NLC India
• NHPC India
• Central Bank of India
• Coal India

The government raised Rs 13,389 crore through these public sector unit sales this fiscal year.

The breakdown of funds raised so far:

• Coal India: Rs 5,542 crore
• NHPC: Rs 4,357 crore
• Central Bank of India: Rs 2,266 crore
• NLC India: Rs 1,223 crore

Investors should monitor the floor price for this session.

Source: https://www.indiatvnews.com/business/markets/general-insurance-ofs-opens-today-government-to-sell-up-to-5-pc-stake-gic-share-prise-nse-bse-2026-06-16-1044978

Optional learning community: https://t.me/GyaanSetuBharat