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VERIFIEDET Stocks·positive
IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option
AI Summary
- ·The non-retail portion of the IRFC OFS was subscribed 1.86 times on Wednesday.
- ·The government will exercise the greenshoe option due to strong demand.
- ·The government will sell an additional 1% stake in IRFC through the OFS.