Govt to divest 5.36% in RVNL via OFS; eyes Rs 1,500 crore
NEW DELHI: The government is looking to divest 5.36% stake in Rail Vikas Nigam Ltd (RVNL) through an offer for sale (OFS) issue which opens on 26 July. The government, which owns 78.20% stake in the RVNL, could raise Rs 1,500 crore through the OFS.
Offer for sale in RVNL opens on July 26 for non-retail investors. Retail investors can bid on July 28.
