Govt to sell 8% stake in IRCON International through offer-for-sale

Economy Business

The government will sell up to an 8 per cent stake in IRCON International through an offer-for-sale, which will open on Thursday, the rail public sector undertaking said in an exchange filing. The plan is to offload 37.6 million equity shares, of face value of Rs 2 each—representing 4 per cent of the company for non-retail investors on Thursday. There will be an option to sell an additional 4 per cent if the offer is oversubscribed the following day, in case of both retail and non-retail investors.


     

     

     

 

     


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