general insurance corporation

Patient investors could subscribe to GIC’s two-day OFS

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Patient investors could subscribe to GIC’s two-day OFS

Retail investors willing to hold General Insurance Corporation (GIC) for at least three years could buy the shares in the ₹4,701-crore offer for sale (OFS) – a route through which promoters sell their stakes – on Thursday. Analysts said investors looking for immediate gains could wait for a breakout before buying the shares. The two-day … Read more

General Insurance Corporation’s OFS sees strong demand with 108% subscription on Day 1

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General Insurance Corporation’s OFS sees strong demand with 108% subscription on Day 1

The offer for sale (OFS) of General Insurance Corp saw strong demand as the non-retail portion of the issue was oversubscribed by 108%. According to the BSE data, the company received bids for 5.81 crore shares as against 5.35 crore shares on offer. Under the OFS, the government has decided to exercise the greenshoe option … Read more