General Insurance Corporation of India Share Price Today Highlights, 04 Sep, 2024: The General Insurance Corporation of India shares remained in the news as the government of India is mulling to sell a 7% stake in the company through OFS. The counter closed trade on September 04, 2024 at Rs 397.50. The shares touched an intraday high of Rs 429.0 in the last trading session while the intraday low was at Rs 417.0. The company’s market capitalization, as of 03 Sep, 2024, is at Rs 7390.41 crore. General Insurance Corporation of India shares recorded a 52-week high of Rs 467.0 and a 52-week low of Rs 202.45. The trading volume on BSE was 69,982 shares on 03 Sep, 2024.
Shares of General Insurance Corporation of India (GIC Re) fell over 4% to an intra-day low of Rs 400.95 as the Indian government initiated the sale of nearly 7% of its stake in the company through an offer for sale (OFS) route. The government plans to divest 3.39% equity, with an additional 3.39% stake available as a green shoe option.
Read More: GIC Re shares slide 4%; Govt to sell 7% stake via OFS

