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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 тВ╣4,700 crore.

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