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The Economic Times
The Economic Times
Veer Sharma

IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know

IRFC OFS Indian Railway Finance Corporation

Shares of Indian Railway Finance Corporation (IRFC) declined 5% to Rs 93.50 on the BSE on Wednesday as the government's offer for sale (OFS) opens for non-retail investors.

Under the OFS, the Centre plans to sell a 1% stake in the company, representing 13.06 crore shares, with an option to offload an additional 1%, or another 13.06 crore shares, through the greenshoe option.

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