Announced Fri, 19 Jun · 14:52 IST
GIC Re: Govt of India sells 5% stake via OFS, holding falls to 77.40%
GICRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹357.10
prior close
₹362.95
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+1.0+1.5+2.0+3.3+2.6+1.6+1.1+1.9+0.4+2.2+0.8——
Up moveDown movePending
AI summary
The President of India, acting through the Ministry of Finance, sold 8.77 crore equity shares (5.00%) of GIC Re through an Offer for Sale on the stock exchanges on June 16-17, 2026. The base offer was 2% with an oversubscription option of 3%, both fully subscribed. Promoter holding reduced from 82.40% to 77.40%. Up to 20,000 shares were reserved for eligible employees.
Likely market impact
Government of India cut its GIC Re stake from 82.40% to 77.40% via OFS, signalling continued disinvestment by the promoter.