Business Standard

IRCTC dips 5% after government sets OFS floor price at steep discount

The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.

IRCTC
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SI Reporter Mumbai
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) dipped 5 per cent to Rs 696.70 on the BSE in Thursday’s intra-day trade after the government fixed floor price at Rs 680 per share for its stake sale in the tour and travel related services company via offer for sale (OFS).

The OFS for non-retail investors opens today, while for retail investors on Friday. The floor price for the OFS was set at a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.

IRCTC is the tourism and catering arm of the Indian Railways. At present, the

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