IRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims to boost the stock's free float and liquidity. The sale, part of the Centre's divestment drive, follows similar offerings in other public sector undertakings. Despite a significant year-to-date fall, IRFC remains popular with a large retail investor base.
IRFC shares experienced a 5% dip as the government initiated an Offer for Sale (OFS) for non-retail investors, aiming to divest a 1% stake at a floor price of Rs 91. This strategic move is part of the Centre's broader divestment drive and is intended to enhance the stock's free…
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