GIC OFS: Government Sells 5% Stake

Type of Transaction: Offer for Sale (OFS) through stock exchange mechanism

Seller (Promoter): President of India (acting through the Ministry of Finance, Government of India)

Number of Shares Offered: Up to 87,720,000 Equity Shares

Percentage of Paid-Up Equity: 5.00% of total paid-up equity share capital

Breakdown of Offer Size:

Base Offer Size: 35,088,000 Equity Shares (2.00% of paid-up capital)
Oversubscription Option: 52,632,000 Equity Shares (3.00% of paid-up capital) - Exercised

T Day (Non-Retail Investors): June 16, 2026

T+1 Day (Retail Investors and Carry-Forward Bids): June 17, 2026

Bidding Hours: Not Specified

Floor Price: Not Specified

Retail Discount: Not Specified

Allocation Method:

Retail Category: 8,772,000 Equity Shares (10% of total Offer Size) reserved for retail investors
Employee Reservation: Up to 20,000 Equity Shares offered to eligible employees of the company
Non-Retail Category: Remainder of shares allocated to non-retail investors

Seller's Brokers: Not Specified

Settlement Broker: Not Specified

Settlement Timelines: Not Specified

Withdrawal: Not Specified

Cancellation: Not Specified

Cooling-off Period Post Withdrawal: Not Specified

The offer is conducted through separate designated windows of BSE Limited and National Stock Exchange of India Limited
Non-retail investors who choose to carry forward their un-allotted bids from T day can bid on T+1 day
All capitalized terms not defined in this intimation letter have the same meanings as ascribed in the Notice dated June 15, 2026
The authorized signatory for this transaction is Mandakini Balodhi, Director, Department of Financial Services
The offer is conducted in accordance with OFS Guidelines