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GIC RE
Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quar...- India's GIC Re plans to reduce share of overseas property risk as climate losses riseIndian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the compa...
- NSE IPO: 10 key things investors need to know about India’s largest IPO in historyThe National Stock Exchange of India has filed its DRHP with SEBI for a long-awaited IPO expected to rank among India’s largest public offe...
- NSE IPO: 7 PSU shareholders to offload 8 crore shares in mega public offerSeven government-owned entities, including State Bank of India and Bank of Baroda, will sell stakes in the National Stock Exchange through ...
- Stocks in news: IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCLMarkets extended their winning streak for the fourth consecutive session, driven by favorable global cues and sustained sector-wide buying....
- Govt announces key leadership changes in insurance sectorDinesh Pant, managing director at Life Insurance Corporation of India, has been appointed whole-time member (actuary) at IRDAI, while Girij...
- GIC shares dip 4% as Rs 3,088 crore OFS opens for retail investors. Should you participate?General Insurance Corporation of India shares saw a dip as the government initiated an Offer for Sale. Retail investors can now bid for a s...
- Stocks in news: Prime Focus, Groww, GIC RE, Wipro, NykaaIndian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Se...
- Retail players can skip GIC Re's OFS: AnalystsRetail investors are advised to skip the government's offer for sale in General Insurance Corp of India. Analysts point to ongoing profitab...
- Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins endTop global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shi...
- Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.
- Fintech firm Ramp's valuation surges to $44 billion on AI-driven growthFintech firm Ramp secured $750 million in funding, valuing the company at $44 billion. This significant jump highlights investor confidence...
- Why India’s next real estate cycle could be driven by retail investors and REITs, Sandipan Roy explainsIn an interaction with Sandipan Roy, Chief Investment Officer (CIO), at Motilal Oswal Private Wealth, he explains why India’s next real est...
- Irdai keeps FY27 cession rate at 4%, backs GIC Re roleIrdai has maintained the mandatory 4% cession rate for FY27, directing general insurers to place this share with GIC Re. This decision aims...
- GIC Re shares tumble over 5% as government offloads stake via OFSGIC Share Price: Shares of General Insurance Corporation (Re) of India dropped by 5.4% to Rs 398.60 as the government began selling its 6.7...
- GIC Re's standalone net loss widens to Rs 771 cr in Jun quarterOn a consolidated basis, there was a net loss of Rs 1,039.69 crore during the reported quarter, against Rs 497.07 crore loss a year ago.
- GIC Re posts Rs 1,991 cr profit in FY21The state-owned reinsurer had posted a loss of Rs 186.46 crore in 2019-20.
- GIC Re's Rs 11,370 crore IPO overall subscribed 1.37 times; retail quota undersubscribedRetail, non-institutional investor, and employee quotas remained undersubscribed.
- GIC Re IPO fully subscribed on strong QIB demand, issue closes todayThe issue received bids for 12,61,97,408 shares, which were 1.01 times the issue size of 12,47,00,000 shares
- GIC Re files DRHP to raise over Rs 7,000 croreGIC has a net worth of Rs 45,000 crore, including fair value. Valuation of the company will depend on factors such as net worth, combined r...
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