Govt to sell up to 2% in IRFC via OFS PSU Watch
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Govt to sell up to 2% in IRFC via OFS

The Government will sell up to 2 percent stake in Indian Railway Finance Corporation (IRFC) through an offer for sale starting Wednesday

PSU Watch Bureau

New Delhi: The Government will sell up to 2 percent 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 percent equity in the IRFC along with an additional 1 percent as a green shoe option.

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The government has not yet disclosed the floor price for the OFS.

Shares of IRFC closed at Rs 98.69, down 2.16 percent 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.

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Also read:Disinvestment: Govt to offload 2% stake in Coal India via OFS at Rs 412 a share, offer opens May 27

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.

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