Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 25th June, 2026: Government Raises About Rs 2,100 Crore Through IRFC Share Sale
The government on Thursday said it has raised approximately Rs 2,100 crore through the sale of shares in state-owned Indian Railway Finance Corporation (IRFC) under the Offer for Sale (OFS) route.
Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the OFS received a strong response from retail investors, reflecting continued investor interest in public sector enterprises.
In a post on X, Chawla said that a total of 22.88 crore shares were sold to minority shareholders over two trading sessions, including participation from institutional investors.
"Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said.
The successful share sale forms part of the government's disinvestment programme and is expected to help improve public shareholding in IRFC while generating additional revenue for the exchequer.