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Govt likely to divest up to 25% in IRCTC, IRFC and IRCON

Govt likely to divest up to 25% in IRCTC, IRFC and IRCON

Tuesday, March 21, 2017, 6:02 PM

Three days after setting stiff time-bound targets for a listing of profitable central PSUs, the government initiated steps to divest up to 25% in the initial public offerings (IPOs) of three railways undertakings — IRCTC, IRFC and IRCON. The department of investment and public asset management (DIPAM) has invited applications from merchant bankers to manage the IPOs in 2017-18.
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