The Government held roadshows in London to gauge investor interest for a minority stake sale in state-run General Insurance Corporation of India Insurance Corp of India (GIC), according to Reuters. Government Plans to sell 10% stake in tranches This comes amid the Indian government’s plan to sell a total 10% stake in GIC in phases to comply with the market regulator’s minimum public shareholding requirement. Under the rule, all listed Indian companies must maintain a minimum public shareholding of 25%.