New Delhi, June 15 -- The Government of India will divest up to 5 per cent equity in General Insurance Corporation of India (GIC Re) through an Offer for Sale (OFS), with the issue opening for non-retail investors on June 16 and for retail investors and employees on June 17, according to the Department of Investment and Public Asset Management (DIPAM).

Announcing the transaction on social media platform X, DIPAM Secretary said, "The government will sell up to 5.0 per cent stake in General Insurance Corporation of India (GIC) at a floor price of Rs 352 per share."

The Secretary further said that the "Offer for Sale in General Insurance Corporation of India (GIC) opens on 16.06.2026 (Tuesday) for Non-Retail investors. Retail investors and...