The governments offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.

Government to sell up to 2% stake in IRFC via OFS from Wednesday with green shoe option; retail bidding opens Thursday amid ongoing PSU disinvestment drive.

The government will launch an OFS in IRFC on Wednesday, offering up to a 2% stake through a base issue and greenshoe option. The share sale is part of the Centre's disinvestment…