India to sell up to 4% stake in Indian Railway Finance Corp

Indian Railway Finance

24/02/2026 15:12

By Mridula Kumar and Nikunj Ohri

Feb 24 (Reuters) - India said on Tuesday it will divest an up to 4% stake in Indian Railway Finance Corp INID.NS through an offer for sale on Wednesday.

The government currently owns an 86.36% stake in the financing arm of the Indian Railways.

The Indian government will sell 2% equity in the financier over the next two days, with an option to additionally sell another 2% based on investor response, Divestment Secretary Arunish Chawla said in a post on X.

The financing arm of the Indian Railways will sell the shares at a floor price of 104 rupees per share. The price represents an over 5% discount to the share closing price on Tuesday, according to its disclosure to stock exchanges.

Bids will open for non-retail investors on February 25 and for retail investors on February 26.

Earlier this month, the government offloaded its 5% stake in state-run BHEL BHEL.NS and garnered 44.6 billion rupees ($490.77 million).

In the ongoing financial year, India has raised 132 billion rupees through stake sales in state-run companies, according to government data.

($1 = 90.8770 Indian rupees)

 (Reporting by Mridula Kumar and Nikunj Ohri in Delhi; Editing by Devika Syamnath)

 ((mridula.kumar@thomsonreuters.com))