Shareholding23 Jun 2026, 08:30 pm
IRFC Promoter Sells 1% Stake via Offer for Sale
AI Summary
Indian Railway Finance Corporation Ltd (IRFC) announced an Offer for Sale (OFS) by its promoter, the President of India, acting through the Ministry of Railways. The promoter intends to sell up to 13,06,85,060 equity shares, representing 1% of the total paid-up equity share capital. An oversubscription option to sell an additional 1% is also available. The sale will occur on June 24, 2026, for non-retail investors and June 25, 2026, for retail investors. Additionally, up to 25,000 shares may be offered to employees. This OFS is being conducted to meet minimum public shareholding norms.
Key Highlights
- Promoter plans to sell up to 1% stake in IRFC.
- Offer for Sale (OFS) to be conducted on June 24-25, 2026.
- Sale aims to comply with minimum public shareholding rules.
- An oversubscription option for an additional 1% is included.
- Employee share offering of up to 25,000 shares is planned.
Price Impact
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