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Centre Raises Rs 2,100 Crore From Share Sale Of IRFC (opens original article in a new tab)

TL;DR

The government raised Rs 2,100 crore by exercising the green shoe option to dilute its 2% stake in IRFC, a public sector undertaking under the Railway Ministry.

  • Government exercised green shoe option to allow 2% stake dilution in IRFC
  • Centre raised Rs 2,100 crore from share sale of IRFC
  • PSU of Railway Ministry underwent stake dilution

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