IRFC OFS Subscribed Over 1.5X By Institutional Investors; Govt To Exercise Greenshoe Option

Institutional Demand Boosts IRFC OFS, Greenshoe Option Activated

The government's recent offer for sale in the Indian Railway Finance Corporation (IRFC) has garnered significant interest from institutional investors, with the non-retail segment being oversubscribed by 1.86 times on Wednesday. This enthusiastic response has prompted the Centre to opt for the greenshoe option, which permits the sale of an extra 1% stake in the railway financing firm through the OFS mechanism.