President of India Sells 1% Stake in IRFC via OFS

The President of India, acting through the Ministry of Railways, has disclosed the sale of up to 1% of its equity share capital in Indian Railway Finance Corporation Ltd (IRFC) via an Offer for Sale (OFS). The Base Offer Size was 13,06,85,060 shares, with an option to sell an additional 13,06,85,060 shares. The sale occurred through a separate window on BSE and NSE. Additionally, 25,000 shares were offered to eligible employees. This disclosure is made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.