IRFC share drops nearly 6% amid government OFS
pre-market1 source ↓written by the desknot a recommendation
- on June 24
- 5.7%
- of its stake
- 2%
- per share
- ₹91
- discount
- 7.5%
Indian Railway Finance Corporation (IRFC) shares fell 5.7% on June 24 as the government launched an offer-for-sale (OFS) to divest up to 2% of its stake. The OFS floor price is set at ₹91 per share, reflecting a 7.5% discount to the previous closing price. This increased supply may pressure the stock in the near term as investors adjust to the market dynamics.
Not investment advice. For informational purposes only.