Govt might take offer-for-sale route to cut back stake in GIC Re
GIC Re, India’s largest re-insurer, has prepped itself for a potential offer-for-sale (OFS) by the Authorities, with the probability of a credit standing improve by AM Finest seen appearing as a tailwind. At the moment, the Authorities has 85.78 per cent stake within the firm. For an organization to be listed and proceed to be … Read more