General Insurance Corporation of India
General Insurance Corporation of India is engaged in the business of Reinsurance.(Source : 201903 Annual Report Page No:87)
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GIC Re released a revised investor presentation, correcting typographical errors in Q1 FY27 incurred claim ratios, net-worth, and investment returns. Investors should refer to the updated document for accurate financial figures.
GIC is undertaking a campaign urging shareholders to update KYC details and claim unpaid dividends. This initiative helps prevent dividend transfers to the IEPF. Shareholders should submit required forms to KFin or via email.
GICRE's promoter, the Government of India, sold 8.77 crore shares through an Offer for Sale, valued at approx ₹3,094 crore. This move reduced the promoter's stake by 5% to 77.40%, marking a key ownership shift.
GICRE's board approved in-principle a Rs 469 Cr fund infusion into its Labuan (Malaysia) Branch. The capital injection aims for solvency restoration, pending necessary regulatory approvals to strengthen the branch's financial position.
GICRE announced its previously approved Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP), Mr. Deepak C. S., will not be joining. The company will now continue its search for these critical leadership roles.