News > Govt may sell 15-20% stake in IRCTC via OFS route in tranches
Govt may sell 15-20% stake in IRCTC via OFS route in tranches
Business Today | 08/09/2020 10:59 PM | Click to read full article
The government is planning to sell about 15-20 percent of its stake in IRCTC.
The stake sale will be conducted through an offer for sale (OFS) route and the transaction will be completed in at least three tranches. Of this, the government aims to raise Rs 1.2 lakh crore from disinvestment of public sector entities and another Rs 90,000 crore from the listing of Life Insurance Corporation of India and stake sale in IDBI Bank.
