Govt To Sell Up To 2% Stake In IRFC Via OFS; Issue Opens Wednesday

Government to Offload Up to 2% Stake in IRFC Starting Wednesday

The Indian government is set to initiate an offer for sale (OFS) in Indian Railway Finance Corporation (IRFC) on Wednesday, with plans to divest as much as 2% of its stake. This move encompasses both a base issue and a greenshoe option, reflecting the government's ongoing disinvestment strategy.

By proceeding with this share sale, the Centre aims to enhance public shareholding and liquidity, while also ensuring compliance with the Securities and Exchange Board of India’s (Sebi) minimum public shareholding requirements.