Public Market

Other Deals - Listed Firms

Govt to sell shares in IRCTC, Ircon, RITES, other rail PSUs

The ministry of railways is planning to dilute 5-10% stakes in six listed railway public sector undertakings and another 2-3% in another listed company through offer-for-sale (OFS) transactions in FY27, as part of a broader push to meet a Rs.2.62 trillion monetisation target under the National Monetisation Pipeline (NMP 2.0).The seven listed railway PSUs are Indian Railway Catering and Tourism Corp. (IRCTC), Indian Railway Finance Corp. (IRFC), Ircon International, Rail Vikas Nigam Ltd, RITES Ltd, RailTel Corp. of India, and Container Corp. of India (Concor).The planned sales mark a portfolio-wide monetisation strategy across the listed railway ecosystem, while ensuring the government retains management control in all key entities. In Concor, where the centre holds 54.8%, the dilution will be limited to 2-3% to keep its stake above 51%. In the remaining six listed railway PSUs, the government is expected to continue as the majority shareholder.At current market prices, a 5% stake sale across the six PSUs could fetch between Rs.15,000-Cr and Rs.20,000-Cr.