Govt to sell up to 5 pc stake in IRCTC on Thursday; floor price at Rs 680 a piece
The government will on Thursday sell up to 5 per cent stake in IRCTC through an offer for sale (OFS) at a floor price of Rs 680 a share.
The OFS includes base issue size of 2 crore shares or 2.5 per cent stake, with an option to retain over-subscription of another 2.5 per cent, taking the total issue size to 4 crore shares or 5 per cent stake.
At the floor price of Rs 680 a share, sale of 4 crore shares in Indian Railway Catering and Tourism Corporation (IRCTC) would fetch about Rs 2,700 crore to the exchequer.
