General Insurance Corporation's OFS sees strong demand with 108% subscription on Day 1

As part of the OFS, the government has opted to exercise the greenshoe option, increasing the total stake sale to 6.78%. The government plans to sell up to a 3.39% equity stake on September 4 for non-retail investors. At an offer price of Rs 395 per share, the sale is expected to generate approximately Rs 4,700 crore for the government's exchequer.