Govt to sell up to 2% in IRFC via OFS

PTI New Delhi

The government will sell up to 2% stake in Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS) starting on Wednesday.

In a post on X, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the government offers to disinvest 1% equity in the railway finance corporation along with an additional 1% as a green shoe option. The government has not yet disclosed the floor price for the transaction.  

The share sale opens on Wednesday for non-retail investors, while retail investors can bid on Thursday. Shares of IRFC closed at ₹98.69 on Tuesday, down 2.16% over the previous close on BSE.  

In the current fiscal, the government has sold minority stakes in five central public sector enterprises and banks, taking the total disinvestment proceeds to ₹16,480 crore so far.