Announced Mon, 15 Jun · 20:03 IST
Govt OFS of up to 5% stake in GIC Re at ₹352 floor price
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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
-8.5%1-day move
₹386.00
prior close
₹371.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-1.2-1.2-1.2-8.5-7.5-4.1-4.5-5.1-6.5-7.5-5.6——
Up moveDown movePending
AI summary
Government of India, via Ministry of Finance, proposes OFS of up to 3.5 crore shares (2% of paid-up capital) of GIC Re at a floor price of ₹352/share, with a greenshoe option of 5.26 crore more shares (3%), totaling up to 5%. Non-retail bidding: June 16, 2026 (9:15 AM–3:30 PM). Retail and employees: June 17, 2026. Up to 20,000 shares reserved for employees. No retail discount. Purpose: meeting minimum public shareholding norms.
Likely market impact
Government divestment of up to 5% stake may create near-term selling pressure; retail investors can bid at ₹352 floor price on June 17, 2026.