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General Insurance Corporation of India: Statement Of Deviation(S) Or Variation(S) Under Reg. 32


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Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 we enclose herewith Statement showing Utilization of Issue Proceeds from Fresh Issue of 17 200 000 equity shares for the quarter ended December 31 2019 for the purpose of dissemination of information widely to the members. The said Statement is in the format prescribed by SEBI vide Circular No. CIR/CFD/CMD1/162/2019 dated December 24 2019

As provided in the Prospectus the Corporation has utilized the net proceeds of the Fresh Issue to augment the Capital base of the Corporation and to maintain its Solvency levels.
There is no deviation from the Objects stated in the Prospectus dated October 17 2017.

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