Deals27 Feb 2026, 07:51 pm
Indian Railway Finance Corporation Ltd: President of India Discloses Sale of Equity Shares Worth INR 11,06,23,200 Through Offer for Sale Mechanism
AI Summary
Indian Railway Finance Corporation Ltd has received a disclosure from the President of India, acting through and represented by the Ministry of Railways, Government of India, in Form C under Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure pertains to the sale of Equity Shares of the Company by the President of India. The sale was executed through the stock exchange mechanism of Railways, Government of India, on BSE Limited and National Stock Exchange of India Limited. The total consideration for the sale of 22,40,408 Equity Shares is INR 11,06,23,200 (excluding taxes, brokerage, and other charges).
Key Highlights
- The President of India sold 22,40,408 Equity Shares of Indian Railway Finance Corporation Ltd.
- The total consideration for the sale is INR 11,06,23,200.
- The sale was executed through the stock exchange mechanism of Railways, Government of India, on BSE Limited and National Stock Exchange of India Limited.
- The sale represents 84.65% of the total Equity Shares held by the President of India.
- The disclosure was made under Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015.