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Tag: IRFC OFS

The government is skipping the green shoe option as IRFC OFS is not fully subscribed
Stock Market

The government is skipping the green shoe option as IRFC OFS is not fully subscribed

The government will not exercise the oversubscription option for the Indian Railway Finance Corporation (IRFC) offer for sale (OFS) after the issue was not fully subscribed on the opening day.The issue, which opened today for non-retail investors, was subscribed to 95% of the 2% shares, amounting to 26.13 crore shares. In a regulatory filing with […]

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The government will divest 4% stake in IRFC through OFS from Wednesday and set the floor price at Rs 104 per share
Stock Market

The government will divest 4% stake in IRFC through OFS from Wednesday and set the floor price at Rs 104 per share

The government will sell up to 4% stake in the Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS) open to non-retail investors on Wednesday, while retail investors can make bids on Thursday.The government has offered to divest 2% stake in IRFC, with another 2% as green shoe option. Under the OFS, over […]

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