Govt likely to sell 11% stake in IRFC by FY24 as part of disinvestment plan

Senior officials say govt plans to bring own shareholding down to 75%;

The government, as part of its disinvestment drive, is planning to sell 11 per cent of its stake in Indian Railway Finance Corporation (IRFC) over the current and the next financial year.

The ministry of railways currently owns 86.36 per cent stake in the public-listed financing arm of the Indian Railways. A senior official said the intent is to bring the government’s stake down to 75 per cent by 2023-24 (FY24).

However, the structure of the proposed stake sale or the number of offers planned is yet to be worked upon. Last week, the finance ministry launched an offer for