AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
Follow us on Google News
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Government will sell 6.78 percent stake in General Insurance Corporation, know at what price the deal will be done – AnyTV News

by Aaryan Srivastav
September 3, 2024
Government will sell 6.78 percent stake in General Insurance Corporation, know at what price the deal will be done - India TV Hindi

Photo:GIC Government will sell 6.78 percent stake in GIC

The government is going to sell its stake in General Insurance Corporation (GIC). The government will sell its 6.78 percent stake in the company at the price of Rs 395 per share. Let us tell you that the government’s 6.78 percent stake in this government company is equal to more than 11.90 crore shares. This sale of shares will be done through OFS. This offering will open for institutional investors on Wednesday. While retail investors will be able to bid for the purchase of shares on Thursday.

How much money will come to the government treasury from the sale of 11.90 crore shares

The sale of 11.90 crore shares at the price of Rs 395 per equity share is expected to raise about Rs 4,700 crore to the government treasury. This price is 6.23 percent lower than the company’s share price on Tuesday. On Tuesday, General Insurance Corporation shares closed at Rs 421.25 on the BSE, down by Rs 0.55 (0.13%).

The government is selling 3.39 percent stake in the company

Tuhit Kant Pandey, Secretary, Department of Investment and Public Asset Management (DIPAM), wrote on social media platform X, “The OFS for General Insurance Corporation of India (GIC) will open tomorrow i.e. Wednesday. Non-retail investors will be able to bid on Wednesday, while the issue will open for retail and GIC employees on Thursday. The government is selling 3.39 percent stake in the company and in case of more bids, an option has been kept to sell an additional 3.39 percent stake. “

The government holds 85.78 percent stake in General Insurance Corporation

The government has a total stake of 85.78 percent in General Insurance Corporation. Let us tell you that this government insurance company was listed in the stock market in October 2017. The government had raised Rs 9,685 crore from the IPO of General Insurance Corporation.

Latest Business News

SendShareShareTweetSharePinShareSend

Related Posts

Notice Issued to e-Commerce Companies Selling Pakistani Goods: Ban on online sale of Pakistan goods in India, government issued notice to e-commerce companies, online Sale of Pakistani Goods in India is also bans e-commerce companies
Business

Notice Issued to e-Commerce Companies Selling Pakistani Goods: Ban on online sale of Pakistan goods in India, government issued notice to e-commerce companies, online Sale of Pakistani Goods in India is also bans e-commerce companies

by Aaryan Srivastav
May 15, 2025
Stock market bounce, Sensex 1200 and Nifty closes with 395 points
Business

Stock market bounce, Sensex 1200 and Nifty closes with 395 points

by Aaryan Srivastav
May 15, 2025
fdsg
Business

Market reached 7 months high, Sensex 1,200 points and Nifty closed at 25,062

by Aaryan Srivastav
May 15, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2024 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2024 AnyTV News Network All Rights Reserved.