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Government to Divest Stake in Indian Railway Finance Corp

Government to Divest Stake in Indian Railway Finance Corp

The Indian government plans to divest up to a 4% stake in the Indian Railway Finance Corporation (IRFC) via an Offer for Sale (OFS). The sale is priced at Rs 104 per share and could net approximately Rs 5,430 crore. Non-retail investors can bid starting Wednesday, with retail participation beginning Thursday.

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