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IRFC shares fall 2% as OFS worth Rs 2,212 crore opens for retail investors today. Here's all you need to know
Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in the sale, which aims to raise over Rs 2,212 crore.
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thehindubusinessline.com
Government to sell up to 2 per cent stake in IRFC via offer for sale
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.
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economictimes.indiatimes.com
Govt to sell up to 2% stake in IRFC via OFS; issue opens Wednesday
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…
