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Govt raises Rs.2,100-Cr via 2% share sale in Indian Railway Finance Corp

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The government has raised about INR 2,100 crore through an offer for sale (OFS) of the state-owned Indian Railway Finance Corporation (IRFC). The transaction saw the sale of 22.88 crore shares to minority shareholders over two trading days.The company functions under the Railway Ministry. The government opted to exercise a green shoe option during the process, resulting in a 2% stake dilution. The floor price for the share sale was set at Rs 91 per share.

For FY25, Indian Railway Finance had reported about INR 27,284 crore in Operating Income and about INR 7,009 crore in PAT.