Sale2 Mar 2026, 12:09 pm
Indian Railway Finance Corporation Ltd: President of India Proposes to Sell 2% Equity Shares via Offer for Sale
AI Summary
The President of India, acting through the Ministry of Railways, Government of India, proposed to sell up to 26,13,70,120 Equity Shares (representing 2% of the total paid up equity share capital of the Company) on February 25, 2026, for non-Retail Investors and on February 26, 2026, for Retail Investors, Employees and for non-Retail Investors who choose to carry forward their un-allotted bids from T day. This was done in accordance with the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as amended. Additionally, 25,000 Equity Shares were offered to eligible employees of the Company.
Key Highlights
- President of India proposes to sell 2% equity shares of Indian Railway Finance Corporation Ltd.
- Sale to occur in two phases: February 25, 2026, for non-Retail Investors and February 26, 2026, for Retail Investors, Employees and for non-Retail Investors who choose to carry forward their un-allotted bids from T day.
- Additional 25,000 Equity Shares offered to eligible employees of the Company.
- Sale conducted in accordance with the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as amended.
- Offer for Sale commenced on February 25, 2026, and ended on February 26, 2026.