The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.
The government's Offer For Sale (OFS) in IRFC witnessed robust demand from institutional investors, with the non-retail portion subscribed 1.86 times. This strong response has led the Centre to activate its greenshoe option, enabling the sale of an extra 1% stake in the railway…
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