{"id":621511,"date":"2023-12-07T10:08:06","date_gmt":"2023-12-07T04:38:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621511"},"modified":"2023-12-07T10:58:06","modified_gmt":"2023-12-07T05:28:06","slug":"govt-to-sell-8-stake-in-ircon-international-through-offer-for-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-to-sell-8-stake-in-ircon-international-through-offer-for-sale\/","title":{"rendered":"Govt to sell 8% stake in IRCON International through offer-for-sale"},"content":{"rendered":"<p>The government will sell up to an 8 per cent stake in IRCON International through an offer-for-sale, which will open on Thursday, the rail public sector undertaking said in an exchange filing. <\/p>\n<p>The plan is to offload 37.6 million equity shares, of face value of Rs 2 each\u2014representing 4 per cent of the company for non-retail investors on Thursday. There will be an option to sell an additional 4 per cent if the offer is oversubscribed the following day, in case of both retail and non-retail investors. <\/p>\n<p>\u201cOffer for Sale in IRCON opens tomorrow for Non-Retail investors. Retail investors can bid on Friday. Government would divest 8 per cent equity, including Green Shoe option,\u201d DIPAM Secretary Tuhin Kanta Pandey said on X.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government will sell up to an 8 per cent stake in IRCON International through an offer-for-sale, which will open on Thursday, the rail public sector undertaking said in an exchange filing. The plan is to offload 37.6 million equity shares, of face value of Rs 2 each\u2014representing 4 per cent of the company for non-retail investors on Thursday. There will be an option to sell an additional 4 per cent if the offer is oversubscribed the following day, in case of both retail and non-retail investors. \u201cOffer for Sale in IRCON opens tomorrow for Non-Retail investors. Retail investors can [&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":[135,130,256],"tags":[],"class_list":["post-621511","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-railways-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621511","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=621511"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621511\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}