{"id":543398,"date":"2022-12-15T10:39:13","date_gmt":"2022-12-15T05:09:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=543398"},"modified":"2022-12-15T13:52:49","modified_gmt":"2022-12-15T08:22:49","slug":"government-to-sell-up-to-5-stake-in-railway-unit-irctc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-to-sell-up-to-5-stake-in-railway-unit-irctc\/","title":{"rendered":"Government to sell up to 5% stake in railway unit IRCTC"},"content":{"rendered":"<p>India will sell an up to 5 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) , the company said in a filing on Wednesday, as the government seeks to meet a steep divestment target for the year.<\/p>\n<p>The government is looking to sell a 2.5 per cent stake in the state-owned firm at Rs 680 per share, with an option to additionally offload 2.5 per cent.<\/p>\n<p>At that price, offloading 5 per cent of IRCTC could fetch around Rs 2,720 crore ($329.90 million), a Reuters estimate showed.<\/p>\n<p>IRCTC is the only firm authorised by the Indian Railways to manage food services on trains and offer online railway ticket booking services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will sell an up to 5 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) , the company said in a filing on Wednesday, as the government seeks to meet a steep divestment target for the year. The government is looking to sell a 2.5 per cent stake in the state-owned firm at Rs 680 per share, with an option to additionally offload 2.5 per cent. At that price, offloading 5 per cent of IRCTC could fetch around Rs 2,720 crore ($329.90 million), a Reuters estimate showed. IRCTC is the only firm authorised by the Indian Railways [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,261],"tags":[],"class_list":["post-543398","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-railways-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=543398"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/543398\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=543398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=543398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=543398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}