Govt to Sell Up to 20% Stake in IRCTC Via OFS, Fixes Floor Price of Rs 1,367 Per Share

The government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp through an Offer for Sale which opens for subscription on Thursday. would divest 15 per cent equity with a 5 per cent green shoe option," Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey said in a tweet. The promoter proposes to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15 per cent stake, with an option to additionally sell 80,00,000 shares, representing 5 per cent of the total issued and paid up equity share capital, the company said in a regulatory filing. The government currently holds 87.40 per cent stake in IRCTC.