The government is holding roadshows in London to explore the sale of shares in General Insurance Corp of India

The Indian government held roadshows in London to assess investor interest in a sale of a minority stake in state-owned General Insurance Corp of India (GIC), two government sources familiar with the matter said. Reuters.

India plans to sell a total 10 percent stake in the insurer in tranches to meet the market regulator’s minimum public shareholding standard. Reuters reported last year. Of this, the government divested its 3.4 percent stake in the insurer in September 2024.

Officials from the Department of Investment and Public Asset Management (DIPAM) traveled to London to meet investors and seek feedback, one of the sources said.

India’s finance ministry did not immediately respond Reuters request for comment.

According to official data, the government currently has an 82.4 percent stake in GIC, while the insurer’s shares were about 3.5 percent below the sales price set last year when state shares were sold. According to the market regulator’s rules, all listed Indian companies are required to maintain a minimum public shareholding of 25 percent.

The government remains committed to its plans for privatization and the sale of minority stakes, but the pace has slowed in the past two years. According to government data, disinvestment proceeds stood at ₹17,500 crore in 2024/25 and as on date for this fiscal.

The sale of minority stakes will help boost the government’s disinvestment proceeds, and India aims to raise ₹47,000 crore through share sales and asset monetization in the current financial year through March 31, 2026.

Published on December 15, 2025