The government has announced plans to divest up to 4 percent of its stake in Indian Railway Finance Corporation (IRFC) through an Offer for Sale (OFS) at Rs 104 per share. The move is part of its broader disinvestment strategy to raise funds and optimize public sector holdings.
The Ministry of Finance has initiated an Offer for Sale (OFS) to divest up to 4 percent of its stake in Indian Railway Finance Corporation (IRFC). The floor price has been set at Rs 104 per share, offering investors an opportunity to participate in one of India’s key railway financing institutions.
IRFC, a public sector enterprise, plays a crucial role in funding railway projects and infrastructure development. The divestment is expected to attract strong interest from institutional and retail investors, given IRFC’s stable financial performance and strategic importance in India’s transport sector.
Analysts suggest that the government’s move aligns with its broader disinvestment agenda aimed at mobilizing resources, reducing fiscal pressure, and enhancing market liquidity. The OFS mechanism ensures transparency and accessibility, making it a preferred route for such stake sales.
Key Highlights
-
Government to divest up to 4 percent stake in IRFC
-
Offer for Sale (OFS) set at Rs 104 per share
-
Part of broader disinvestment strategy to raise funds
-
IRFC plays key role in railway financing and infrastructure
-
Expected to attract institutional and retail investor interest
Sources: Mint, Economic Times, Business Standard