The government will launch its offer for sale (OFS) in Indian Railway Finance Corporation (IRFC) on Wednesday, opening the issue for non-retail investors as part of its ongoing disinvestment programme. Retail investors will be able to bid on Thursday.
The Centre plans to sell up to 1% of its equity stake in IRFC through the OFS, with an option to sell an additional 1% under the greenshoe option in case of strong demand. The transaction could help the government further improve public shareholding in the state-owned railway financier while raising resources through the capital markets.
