Govt OFS of up to 5% stake in GIC Re at ₹352 floor price

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GICRE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-7.7%Reaction day

₹386.00

prior close

₹371.20

announcement price

After-mkt

timing

Nifty Midcap 150market+0.4%-8.1% vs market

General Insurance peers, median of 5sector+0.5%-8.1% vs sector

On the reaction day the stock moved 8.1 pts less than Nifty Midcap 150 and 8.1 pts less than its General Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-1.2

15m

-1.2

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.7+0.4-8.1+0.5-8.1

Next day

-8.5+0.9-9.4+0.8-9.4

-7.5+1.4-8.9+5.8-13.2

-4.1+1.7-5.9+7.9-12.0

-4.5+2.2-6.6+7.1-11.5

-5.1+1.2-6.3+5.9-11.0

-6.5+0.7-7.2+5.0-11.5

15d

-7.5-0.2-7.3+3.6-11.1

-5.6+2.1-7.8+3.8-9.5

-8.0+3.9-11.9-1.0-7.1

-12.5-1.0-11.5-4.8-7.7

UpDownMarket · Nifty Midcap 150Sector · General Insurance peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.