The President of India, acting through the Ministry of Finance, will sell up to 5% of the total paid-up equity share capital of GIC of India via an Offer for Sale (OFS). The floor price has been set at ₹352.00 per equity share. The offer aims to achieve the minimum public shareholding as prescribed under the Securities Contracts (Regulation) Rules, 1957, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Offer Structure and Timings

The OFS will be conducted over two trading days on a separate window of the BSE and NSE. On June 16, 2026 (T day), the offer will be open exclusively for non-retail investors from 9:15 a.m. to 3:30 p.m. Indian Standard Time. These investors may indicate their willingness to carry forward un-allotted bids to the next day. On June 17, 2026 (T+1 day), the offer will continue for retail investors, employees, and non-retail investors who chose to carry forward their bids, operating during the same trading hours.

The promoter has reserved an oversubscription option to sell an additional 52,632,000 equity shares, representing 3.00% of the total paid-up equity share capital. If exercised, the total offer size will aggregate to 5.00% of the company's equity capital. Additionally, up to 20,000 equity shares are reserved for eligible employees, who may apply for shares amounting up to ₹500,000 each.

Allocation and Bidding Details

Allocation will be on a price priority basis at multiple clearing prices at or above the floor price. Retail investors and employees have the option to bid at the cut-off price. A minimum of 25% of the offer shares is reserved for mutual funds and insurance companies, while 10% is reserved for retail investors. Any unsubscribed portion in the non-retail category will be available for allocation to the retail category, and vice versa for unsubscribed retail shares carried forward by non-retail investors.

Non-institutional investors must deposit 100% of the bid value upfront, whereas institutional investors have the option to bid without upfront payment. Retail investors and employees must provide 100% margin in cash or cash equivalents at the time of placing bids. The settlement for bids received on T day will occur on T+1 day, while bids received on T+1 day will settle on T+2 day.

Regulatory and Other Conditions

The offer is governed by the SEBI Master Circular and the stock exchange circulars regarding OFS. The seller reserves the right to withdraw the offer at any time prior to the opening on T day, subject to a cooling-off period of 10 trading days. The offer may also be cancelled if there is insufficient demand at or above the floor price or in the event of a default in settlement obligations.

Bidders intending to acquire shares such that their aggregate holding exceeds 1% but remains less than 5% of the paid-up capital must comply with self-certification of fit and proper criteria. Acquisitions exceeding 5% require prior approval from the Insurance Regulatory and Development Authority of India (IRDAI). The offer is not for release or distribution in the United States, except to qualified institutional buyers, or in other jurisdictions where such action is prohibited by applicable law.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE481Y01014/b90a3e08db344f1a.pdf

GIC of India held a one-on-one meeting with ICICI Prudential Mutual Fund on June 9, 2026, to discuss operational matters. The interaction took place over call at 16:12 hours and involved the corporation's senior management. No unpublished price sensitive information was shared during the discussion, and no presentation was made.

The meeting was conducted in compliance with Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Satheesh Kumar, Company Secretary & Compliance Officer, confirmed the details in a regulatory filing submitted to the stock exchanges on June 10, 2026.

Meeting Details

The disclosure confirms that the interaction was purely informational and adhered to regulatory guidelines regarding the sharing of material information.