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%.