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India to divest up to 5% in GIC — India Verified

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Business
India to divest up to 5% in GIC

Business17 June 2026 at 09:52 pmQuick read

India to divest up to 5% in GIC

Credibility score70 / 100

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2sources verified

India plans to sell up to 5% of GIC. The sale includes an initial 2% offer. Oversubscription may lead to a further 3% sale.

AI Credibility Analysis

The score falls in the 70-89 band as it is based on information from two sources, providing some specific details about the offer for sale, but lacks authoritative named officials or more comprehensive data.

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Lifeinsuranceinternational

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India to divest up to 5% in GIC

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