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      Question

      What was the impact of the government's announcement of

      stake sale on GIC Re's stock price?
      A Increased by 3% Correct Answer Incorrect Answer
      B No significant change Correct Answer Incorrect Answer
      C Dropped by 5.37% Correct Answer Incorrect Answer
      D Increased by 2% Correct Answer Incorrect Answer
      E Dropped by 1% Correct Answer Incorrect Answer

      Solution

      GIC Re shares fell by 5.37% after the government announced its plan to dilute a 6.78% stake to raise ₹4,700 crore.

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