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IRFC shares fall 5% as OFS opens for non-retail investors; Check floor price and other details
At the end of the March quarter, the government held 84.65% stake in IRFC. Retail shareholders a 9.68% stake in the company, as per data available on the stock exchanges.
Stock Alert: Infosys, NLC India, Yes Bank, IRFC, Honasa Consumer - Business Standard
Stock Alert: Infosys, NLC India, Yes Bank, IRFC, Honasa ConsumerBusiness Standard
IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know
IRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims to boost the stock's free float and liquidity. The sale, part of the Centre's divestment drive, follows similar offerings in other public sector undertakings. Despite a significant year-to-date fall, IRFC remains popular with a large retail investor base.
Stocks to Watch today: IRFC, Yes Bank, Ola, NLC India, Bajaj Auto, Infosys
Stocks to Watch today: IRFC, Yes Bank, Ola Electric, Bajaj Auto, Infosys, Tech Mahindra, City Union Bank, Rajesh Exports, PFC, Honasa Consumer are among other stocks that will be in focus today.
Stocks to watch: Vedanta, IRFC, Yes Bank among shares in focus today; check list here - Mint
Stocks to watch: Vedanta, IRFC, Yes Bank among shares in focus today; check list hereMint
Stocks To Watch Today: HPCL, Honasa Consumer, Bajaj Auto, NLC India, IRFC & More
Here's a look at stocks that are likely to be in focus during the trading session on Wednesday.
What’s likely to move markets in the next trading session on June 24?
Investors will also track the Indian Railway Finance Corporation's Offer for Sale, while comments from Infosys Chairman Nandan Nilekani on the company's AI engagements with clients remain in focus.
Govt to sell up to 2% stake in IRFC via OFS; issue opens Wednesday
The government will launch an OFS in IRFC on Wednesday, offering up to a 2% stake through a base issue and greenshoe option. The share sale is part of the Centre's disinvestment strategy and aims to improve public shareholding, liquidity and compliance with Sebi's minimum public shareholding norms.
Stocks to Watch for June 24: Infosys, IRFC, Honasa Consumer, Delhivery and more
Infosys expands GlobalFoundries AI IT deal, NLC India and IOCL plan green JV, YES Bank, Delhivery, IRFC, Honasa Consumer and Satin Creditcare announce moves. Here are few stocks to track ahead of Wednesday's trading session.
India to sell up to 2% stake in Indian Railway Finance Corp - Investing.com Nigeria
India to sell up to 2% stake in Indian Railway Finance CorpInvesting.com Nigeria
India to sell up to 2% stake in Indian Railway Finance Corp - Investing.com
India to sell up to 2% stake in Indian Railway Finance CorpInvesting.com
IRFC OFS: Govt to sell up to 2% stake in Navratna PSU via Offer for Sale
The government will sell up to a 2% stake in Indian Railway Finance Corporation through an Offer for Sale, as it continues an accelerated disinvestment programme across public sector enterprises.