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BUSINESS
GIC Re shares tumble 6% as govt launches OFS to divest up to 5% stake
The decline came after the company informed stock exchanges on Monday that the govt plans to sell up to 2% stake, equivalent to 3.51 crore shares, through an OFS on June 16-17, 2026
Pulse Bharat · Why it matters
Read the original at The Hindu BusinessLine ↗
The decline in GIC Re shares affects investors who hold the stock and may impact their financial returns in the short term.