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Informist, Thursday, Jun. 25, 2026

 

--Divest secy: Govt raised INR 20.84 bln from 2% stake sale in IRFC via OFS 

 

NEW DELHI – The government raised around INR 20.84 billion from the 2% stake sale in Indian Railway Finance Corp. Ltd.'s offer for sale, Divestment Secretary Arunish Chawla said Thursday. The government had offered to sell up to 2% stake in the state-owned company through an offer for sale, including a base issue size of 1% and a greenshoe option of 1%.

 

"Combined with the institutional investors, 22.88 crore (228.8 million) shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crores (INR 20.84 billion)," Chawla said in a post on X. "We thank all investors for their participation and for reposing their faith in us," he wrote. 

 

With this, the government has raised INR 185.64 billion through offer-for-sale in six state-owned companies in 2026-27 (Apr-Mar) so far. This will help the government meet its ambitious miscellaneous capital receipts target of INR 800 billion for FY27. 

 

The government now holds 82.65% stake in IRFC following the OFS. On Thursday, the company's shares closed at INR 91.77 on the National Stock Exchange, down 0.8% from the previous close. For the March quarter, IRFC reported a net profit of INR 16.84 billion on revenues of INR 73.36 billion.  End

 

Reported by Priyasmita Dutta

Edited by Deepshikha Bhardwaj

 

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