Govt to sell up to 4% stake in IRFC via OFS on Wed, Thu
This story was originally published at 20:48 IST on 24 February 2026
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--Govt to sell up to 4% stake in IRFC via OFS on Wed, Thu
--Divest secy: Govt to disinvest 4% equity in IRFC via OFS
NEW DELHI – The government will sell up to 4% stake in Indian Railway Finance Corp. Ltd. through an offer for sale, Divestment Secretary Arunish Chawla said Tuesday on microblogging site X. The offer for sale will open Wednesday for non-retail investors and on Thursday for retail investors, Chawla said.
The government will sell a 2% stake in the company, with a greenshoe option for an additional 2%, Chawla said. Currently, the government holds 86.36% stake in IRFC. The floor price for the offer-for-sale has been set at INR 104 per share, IRFC informed the exchanges in a filing.
The floor price is 5% below Tuesday's closing price of INR 109.44 on the National Stock Exchange.
At the floor price, the government can raise up to INR 57.19 billion if it exercises the greenshoe option.
A 4% stake sale will help the government get closer to meeting its miscellaneous capital receipts target of INR 338.37 billion in 2025–26 (Apr–Mar). So far, the government has raised INR 132.33 billion through the sale of minority stake sales in public-sector undertakings and INR 188.37 billion through asset monetisation. This leaves a gap of INR 17.67 billion to be bridged in the final 35 days of the fiscal year.
For the December quarter, IRFC reported a net profit of INR 18.02 billion on total revenues of INR 66.61 billion. Tuesday, the company's shares closed 2.2% lower at INR 109.44 on the NSE. End
Reported by Sagar Sen
Edited by Saji George Titus
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