News > Centre to sell up to 5% stake in IRCTC via OFS to garner Rs 2,720 crore
Centre to sell up to 5% stake in IRCTC via OFS to garner Rs 2,720 crore
15/12/2022 09:49 AM | Click to read full article
The central government will sell up to 5 per cent stake in IRCTC through an offer for sale (OFS) on the exchanges on Thursday and Friday. The floor price for the share sale is set at Rs 680 per share, which is 7.4 per cent lower than the company’s closing price of Rs 734 on Wednesday. IRCTC is the tourism and catering arm of the Indian Railways. At present, the government owns 67.4 per cent stake in IRCTC.