Government will sell up to 5 percent stake in IRCTC
Government will sell up to 5 percent stake in IRCTC

The Indian Railway Catering and Tourism Corporation (IRCTC) will sell its shares to the government. The information available indicates that on Thursday, the government would sell up to 5% of its IRCTC stock.

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A floor price of Rs 680 per share would be used when selling the stake in an offer for sale (OFS). Two crore shares—equivalent to a stake of 2.5%—make up the OFS’s initial share capital. It is possible to grow this shareholding further to 5%.

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