The government has completed the sale of its stake in GIC for ₹3,000 crore through an offer for sale (OFS). This transaction is part of a larger trend of disinvestment, with proceeds reportedly reaching a four-year high in just over three months. The sale appears to have had an impact on the market, with shares of various companies, including GIC and others such as IRFC and Cochin Shipyard, experiencing declines.