Get startedLog in
    Picture of Indian Railway Finance logo

    IRFC — Indian Railway Finance News Story

    0.000.00%
    in flag iconLast trade - 00:00
    FinancialsSpeculativeLarge CapMomentum Trap
    All News

    India's IRFC set for worst day in 16 months as govt announces stake sale at discount

    Picture of Indian Railway Finance logoIndian Railway Finance
    24/06/2026 05:41
    BUZZ-India's IRFC set for worst day in 16 months as govt announces stake sale at discount
    ** Shares of Indian Railway Finance Corp INID.NS fall 5.7% to 93.05 rupees, set for biggest pct drop since February 2025
    ** Indian government announces up to 2% stake divestment via offer-for-sale (OFS) in the railway financing co
    ** Floor price of OFS at 91 rupees, discount of nearly 8% to stock's closing price on Tuesday
    ** Stake sale part of Indian govt's 800 billion rupee ($8.44 billion) divestment and asset monetization target for fiscal year 2027; govt had tried to sell up to 4% of co in February but could offload only 1.71%
    ** Stock top pct loser on Nifty PSE index .NIFTYPSE, which is down 0.24%
    ** INID down 25% YTD
         
    ($1 = 94.8425 Indian rupees)

     (Reporting by Abhirami G in Bengaluru)
     ((abhirami.g@thomsonreuters.com))

    Recent news on Indian Railway Finance

    See all news