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Government invites investment bankers to help manage IPO of IRCTC, IRCON, IRFC

Government invites investment bankers to help manage IPO of IRCTC, IRCON, IRFC

Tuesday, February 21, 2017, 3:47 PM

The Finance Ministry invited proposals from investment bankers, to help the government sell shares in three railway enterprises, IRCTC, IRCON and IRFC. The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought expression of interest from investment bankers by 16th March. IRCTC, IRFC and IRCON will be listed in the stock exchanges.
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