FE
The government will sell up to 8% stake in state-run railway firm IRCON International worth around Rs 1,160 crore through an offer for sale (OFS) on Thursday-Friday.
The floor price for the OFS is set at Rs 154/share, at a discount of 10.5% to the closing price of IRCON on Wednesday.
“Offer for Sale in IRCON opens tomorrow for Non-Retail investors. Retail investors can bid on Friday. Govt. would divest 8% equity including Green Shoe option,” Department of Investment and Public Asset Management (Dipam) said on ‘X’.
