The President of India, acting through the Ministry of Railways, which is the Promoter of Indian Railway Finance Corporation (IRFC), successfully completed an Offer for Sale (OFS) transaction. The Promoter sold a total of 22,40,40,829 equity shares, equivalent to 1.71% of the total paid-up capital. Following this sale, the Promoter’s holding in IRFC has decreased to 84.65% as of the transaction closure date, February 26, 2026.
IRFC Share Sale Completion Notice
This document serves as a mandatory disclosure regarding the conclusion of an Offer for Sale (OFS) initiated by the Promoter of Indian Railway Finance Corporation Limited (IRFC). The sale was executed by the President of India, through the Ministry of Railways, in compliance with regulatory requirements concerning substantial acquisitions and takeovers.
Transaction Details: Base Offer and Oversubscription
The initial proposed sale size, referred to as the “Base Offer Size,” was up to 26,13,70,120 Equity Shares (representing 2% of the total paid-up capital). An additional “Oversubscription Option” of the same size was available. The OFS was conducted via a designated window on both the BSE and NSE, commencing on February 25, 2026 (T day) and concluding on February 26, 2026 (T+1 day).
Securities Disposed Of
The total number of shares successfully sold by the Seller during the two-day transaction period amounted to 22,40,40,829 Equity Shares carrying voting rights. This volume represents 1.71% of the total share capital of IRFC. Furthermore, a small quantum of 25,000 Equity Shares (equivalent to 0.0002%) was separately offered to eligible employees of the Company under the OFS Guidelines.
Holding Post-Transaction
Prior to the disposal, the Promoter held 11,28,64,37,000 Equity Shares, accounting for 86.36% of the voting capital. After accounting for the shares sold, the resultant holding of the Promoter, as of the close of trading on February 26, 2026, stands at 11,06,23,96,171 Equity Shares, which translates to 84.65% of the total voting capital.
Capital Structure Confirmation
The total equity share capital of IRFC before and after the sale remained consistent at 13,06,85,06,000 shares, with a face value of ₹10 per share. This information is presented within two working days of the OFS closure, fulfilling subsequent regulatory reporting obligations.
Source: BSE
