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IRCTC STAKE SALE
IRCTC offer unlikely to deliver short-term gainsThe government has announced selling up to 5% stake in the IRCTC through an offer for sale (OFS). Up to 40 million shares in the company ar...16 Dec, 2022, 06.48 AM IST- Strong institutional response for IRCTC OFS; offer oversubscribedThe 7% discount offered in the OFS drove the strong demand for the stock.15 Dec, 2022, 08.42 PM IST
- IRCTC shares fall over 5% as govt announces 5% stake sale via OFSAxis Capital, Citigroup Global Markets, Goldman Sachs and JM Financial are handling the OFS. It is part of the government’s disinvestment t...15 Dec, 2022, 11.28 AM IST
- Govt to sell up to 5% stake in IRCTC via OFS; floor price fixed at Rs 680/shareThis is at an over 7% discount to Wednesday’s closing price of Rs 734.9015 Dec, 2022, 10.12 AM IST
- Five CPSEs pay Rs 1,203 crore dividend to governmentFollowing the latest tranche, the total dividend payouts by public sector enterprises to the Central government now stands at Rs 14,778 cro...06 Oct, 2022, 06.49 PM IST
- IRCTC OFS closes; govt to mop up Rs 4,374 croreThe promoter had proposed to sell up to 2,40,00,000 equity shares of IRCTC, representing up to 15% stake.14 Dec, 2020, 09.12 AM IST
- Why IRCTC OFS may be a good entry point for youIRCTC has a monopoly in the area of operations — catering, tourism and online ticketing for Indian Railways. It had net cash of Rs 1,535 cr...11 Dec, 2020, 01.31 PM IST
- IRCTC offer-for-sale: Issue subscribed nearly 2 times on first dayRetail investors will get chance to bid for IRCTC offer-for-sale (OFS) on Friday, the last day for the issue, department of investment and ...10 Dec, 2020, 10.24 PM IST
- IRCTC plunges 13% as two-day OFS kicks offFollowing the development, the stock fell 13.16 per cent to hit a low of Rs 1,405 on BSE. The stock, however, recovered some lot ground lat...10 Dec, 2020, 10.35 AM IST
- Govt to sell 20% stake in IRCTC via OFS, to raise Rs 4,374 croreThrough the OFS, the government has proposed to sell 2.4 crore shares, constituting 15% paid-up share capital of the company, with an optio...09 Dec, 2020, 09.21 PM IST
- IRCTC OFS to be announced in 2 weeksDIPAM had initiated the process to sell 15-20 per cent stake in IRCTC through OFS in September.05 Oct, 2020, 01.19 PM IST
- IRCTC stake sale: Merchant banker bid date extended till September 14The department of investment and public asset management (Dipam) has invited bids from merchant bankers and brokers to divest 15-20% of the...10 Sep, 2020, 10.08 PM IST
- IRCTC slips 3% after reports govt plans to 15-20% sell stakeLast month, the Department of Investment and Public Asset Management (DIPAM) had invited bids from merchant bankers by September 10 for man...09 Sep, 2020, 01.19 PM IST
- Govt to sell 15-20% stake in IRCTC via OFSThe government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company ...09 Sep, 2020, 08.39 AM IST
- Govt plans further stake sale in IRCTC, invites bids from merchant bankers by Sep 10The government currently holds 87.40 per cent stake in IRCTC.To meet Sebi's public holding norm, the government has to lower its stake in t...20 Aug, 2020, 04.30 PM IST
- Government to reduce IRCTC shareholding via offer for saleThe department of investment and public asset management (Dipam) has invited bids from merchant bankers and brokers to divest part of the g...19 Aug, 2020, 10.02 PM IST
- IRCTC IPO overall subscribed 112 times, NII quota 354 timesThe qualified institutional buyers (QIB) quota was subscribed 108.8 times, NII 354 times.03 Oct, 2019, 08.08 PM IST
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