The government will sell up to 2 per cent stake in Indian Railway Finance Corporation (IRFC) through an offer for sale starting Wednesday.
In a post on X, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the government offers to disinvest 1 per cent equity in the IRFC along with an additional 1 per cent as a green shoe option.
The government has not yet disclosed the floor price for the OFS.
Shares of IRFC closed at Rs 98.69, down 2.16 pc over the previous close on BSE.
“Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday,” the X post said.
Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1% equity in the IRFC along with additional 1% as green shoe option.
— Secretary, DIPAM (@SecyDIPAM)
In the current fiscal, the government has sold minority stakes in five central public sector enterprises and banks, taking the total disinvestment proceeds to Rs 16,480 crore so far.