The government plans to sell up to a 5% stake in General Insurance Corporation through an offer for sale (OFS). The OFS is scheduled to open on June 16 for non-retail investors and on June 17 for retail investors. The share sale is conducted under a floor-price framework, with the floor price set as a discount to the prior closing level. According to one report, the company’s June 15, 2026 closing price on the BSE was ₹388.35 per share, and the floor price is more than 9% below that closing price. The government’s sell-down through the exchange-traded mechanism is aimed at reducing its stake in the listed insurer while providing an opportunity for investors to participate during the specified retail and non-retail windows. The reports agree on the stake size (up to 5%), the structure as an OFS, and the opening dates for different investor categories, while the pricing details highlight the discount versus the last trading close.