IRFC shares fall nearly 6% as government launches OFS
after close1 source ↓written by the desknot a recommendation
- on June 24
- 5.7%
- is set
- ₹91 per share
- to the previous
- 7.5% discount
Indian Railway Finance Corporation (IRFC) shares declined 5.7% on June 24 as the government initiated an offer-for-sale (OFS) to divest up to 2% stake. The OFS floor price is set at ₹91 per share, reflecting a 7.5% discount to the previous closing price. This increased share supply may pressure stock prices in the short term.
Not investment advice. For informational purposes only.