IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know (opens original article in a new tab)

IRFC shares are in focus as the government's offer for sale opens for non-retail investors, with a planned 1% stake sale and a floor price of Rs 91 per share.

• IRFC shares are in focus as the government's OFS opens for non-retail investors.
• The government plans to sell a 1% stake in IRFC, with an option to sell an additional 1% through the greenshoe option.
• The floor price for IRFC shares is set at Rs 91, 7.5% below the previous closing price.