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Retail players can skip GIC Re's OFS: Analysts

Mumbai: Analysts have advised retail investors to avoid government's offer for sale in General Insurance Corp of India (GIC Re), citing concerns over profitability and sector headwinds.The Centre wants to sell up to 5% stake in GIC, including a 2% base offer with a greenshoe option to sell an additional 3% in case of oversubscription.The non-retail portion was subscribed 3.72 times on Tuesday, prompting the government to exercise the greenshoe option to sell an additional 3% stake. The retail p…

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Economic TimesLean R·1h ago
Retail players can skip GIC Re's OFS: Analysts
Mumbai: Analysts have advised retail investors to avoid government's offer for sale in General Insurance Corp of India (GIC Re), citing concerns over profitability and sector headwinds.The Centre wants to sell up to 5% stake in GIC, including a 2% base offer with a greenshoe option to sell an additional 3% in case of oversubscription.The non-retail portion was subscribed 3.72 times on Tuesday, prompting the government to exercise the greenshoe option to sell an additional 3% stake. The retail p…
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Retail players can skip GIC Re's OFS: Analysts

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Retail players can skip GIC Re's OFS: Analysts

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