Updates

General Insurance Corporation of India (GIC) announced it has received a disclosure from its promoter, the Ministry of Finance, Government of India. This disclosure, made under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, pertains to the sale of GIC's equity shares by the promoter. While the announcement does not include specific details like the quantity or value of shares sold, it indicates a reduction in the Ministry of Finance's shareholding. Investors should note this update as it signifies a change in the company's promoter ownership.