Announced Fri, 19 Jun · 20:13 IST
Govt nominates Dr Debasish Prusty as Director on GIC Re board
Management Changes View source PDF
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
-1.6%1-day move
₹372.25
prior close
₹372.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2+0.1+0.0-0.6-1.6-2.6-3.0-2.2-2.3-3.4-2.0-3.2——
Up moveDown movePending
AI summary
The Ministry of Finance has nominated Dr. Debasish Prusty, Additional Secretary in the Department of Financial Services, as a Director on the Board of GIC Re with immediate effect. He replaces Shri Tapan Kumar Mondal and will serve until further orders. Dr. Prusty is an IAS officer with over 26 years of experience in public finance, sustainable development, and environmental governance.
Likely market impact
Routine government-nominee director change at a PSU insurer; neutral for shareholders.