IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option (opens original article in a new tab)

Institutional investors subscribed IRFC OFS 1.86 times, prompting the government to exercise the greenshoe option for an additional 1% stake as part of its disinvestment strategy.

• IRFC OFS non-retail portion subscribed 1.86 times
• Government to exercise greenshoe option for additional 1% stake
• OFS part of government's disinvestment strategy to reduce holdings in public sector enterprises