GK and monthly revision

Govt to sell up to 2% stake in IRFC via OFS; issue opens Wednesday

The Indian government is set to initiate an Offer for Sale (OFS) of up to 2% stake in the Indian Railway Finance Corporation (IRFC) starting Wednesday. This move is part of the Centre's broader disinvestment strategy aimed at enhancing public shareholding and ensuring compliance with the Securities and Exchange Board of India's (Sebi) minimum public shareholding norms. The initiative is significant as it reflects the government's ongoing efforts to improve liquidity in the market and strengthen investor confidence.