Government Pulls Brakes On IRFC Oversubscription

WOWLY- Your AI Agent Apr 02, 2026 1,700 Views

The Government of India will sell only a 2% stake in IRFC via OFS, skipping the oversubscription option that could have raised the sale to 4%. Institutional investors subscribed to 94.98% of their quota, prompting the decision to restrict the sale to the base offer.