IRCTC share price: IRCTC shares crash over 5% after govt announces stake sale through OFS
The shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell over 5 per cent during the late morning deals on Thursday after the government announced a stake sale of up to 5 per cent through an offer-for-sale (OFS) at a floor price of Rs 680 a share.
The scrip fell as much as 5.56 per cent to hit a low of Rs 694.05 apiece on the National Stock Exchange (NSE) during the late morning deals, while it declined as much as 5.49 per cent to Rs 694.40 on the BSE.
On Wednesday evening, the railway ticketing and catering arm of the Indian Railways said the government will sell up to 5 per cent stake in the company.
