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VERIFIEDET Markets·neutral
IRFC shares in focus as OFS opens for non-retail investors. Here’s what shareholders should know
AI Summary
- ·The government is offering a 1% stake in IRFC via an Offer For Sale (OFS) to non-retail investors, with an option to sell an additional 1%.
- ·The floor price for the OFS has been set at Rs 91 per share.
- ·IRFC reported steady March-quarter earnings, but its stock is trading nearly 60% below its 2024 record high.