New Delhi, June 16 -- State-run insurer General Insurance Corporation of India (GIC) share price fell over 6% on Tuesday, 16 June, as its Offer for Sale (OFS) opens for non-retail investors on June 16.

GIC share price opened at Rs.370.40 apiece today, as compared to previous close of Rs.388.35 on Monday. The stock touched an intraday low of Rs.365.90 on 16 June.

The government on Monday announced the stake sale, aiming to divest up to 5% of its holding in the company at a floor price of Rs.352 per share, according to the Department of Investment and Public Asset Management (DIPAM).

"The govt will sell up to 5 percent stake in GIC at a floor pierce of Rs.352 per share. OFS in GIC opens on 16.6.2026 for non retail investors. Retail inves...