Govt To Sell Up To 2% Stake In Indian Railway Finance Corp Through Offer For Sale
Govt To Sell Up To 2% Stake In Indian Railway Finance Corp Through Offer For Sale Published By, Last Updated: June 24, 2026, 02:29 IST
Govt To Sell Up To 2% Stake In Indian Railway Finance Corp Through Offer For Sale Published By, Last Updated: June 24, 2026, 02:29 IST Centre to sell up to 2 percent IRFC stake via Offer for Sale, floor price set at Rs 91 per share, 26.13 crore shares on offer, aiming to raise over Rs 2300 crore. Commuters walk after disembarking from suburban trains as others wait to board, at Churchgate railway station in Mumbai. (Source: Reuters) The Centre on Tuesday announced plans to divest up to a 2% stake in Indian Railway Finance Corporation (IRFC) through an Offer for Sale (OFS). Under the proposed transaction, the government will initially sell a 1% equity stake in the state-run financier, with an option to offload an additional 1% through a greenshoe option depending on investor demand.
“Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non-Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1 per cent equity in the IRFC along with an additional 1 per cent as a green shoe option," the Department of Investment and Public Asset Management (DIPAM) said in a post on X. Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1% equity in the IRFC along with additional 1% as green shoe option. pic.twitter.com/4b1mSV3OOi— Secretary, DIPAM (@SecyDIPAM) June 23, 2026 The OFS will open for non-retail investors on Wednesday, while retail investors will be able to bid on Thursday. Also Read: Indian Railways Has New Rules For Men Travelling In Ladies Boogies, Smoking, Begging On Trains The government has fixed the floor price at Rs 91 per share, representing a discount to IRFC’s closing price of Rs 98.37 on the BSE on Tuesday.
A total of 26.13 crore equity shares, equivalent to 2% of the company’s outstanding share capital, are on offer. Based on the floor price, the stake sale is expected to fetch the government more than Rs 2,300 crore. An Offer for Sale allows promoters or large shareholders of listed companies to sell shares through the stock exchange mechanism. Earlier this year, the government had proposed to divest up to a 4% stake in IRFC but was able to sell only a 1.71% shareholding. It currently holds an 84.65% stake in the company. The Union Budget has set a disinvestment and asset monetisation target of Rs 80,000 crore for FY27. With inputs from Reuters News18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submit About the Author Prisha Vibhavari Prisha is the Chief Sub-Editor at News18.com, with more than 10 years of experience in national and international news.
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