The President of India, through the Ministry of Railways, has successfully completed an Offer for Sale (OFS) of up to 13,06,85,060 Equity Shares of Indian Railway Finance Corporation Limited (IRFC), representing approximately 1% of the total paid-up equity share capital. The sale occurred on June 24 and 25, 2026, with an option to sell additional shares. A small portion was also offered to employees.
IRFC Completes Offer for Sale
The President of India, acting through the Ministry of Railways, Government of India, has announced the successful completion of an Offer for Sale (OFS) concerning the shares of Indian Railway Finance Corporation Limited (IRFC). This strategic divestment involved up to 13,06,85,060 Equity Shares of IRFC, which constitutes approximately 1% of the total paid-up equity share capital of the company. The sale was conducted on June 24, 2026 (T day) and June 25, 2026 (T+1 day).
Sale Details and Over-subscription Option
The Offer for Sale (OFS) provided an option to additionally sell up to 13,06,85,060 Equity Shares, representing another 1% of the total paid-up equity share capital. This was facilitated through a designated window on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The transaction was conducted in accordance with the guidelines provided by the Securities and Exchange Board of India (SEBI) and relevant stock exchange circulars.
Employee Offer
In addition to the main offer, 25,000 Equity Shares of IRFC were offered to eligible employees of the company. This employee offer represented approximately 0.0002% of the total issued and paid-up equity share capital and was executed in compliance with the SEBI OFS Guidelines, subject to necessary approvals.
Post-Sale Shareholding
Following the sale, the President of India’s shareholding in IRFC has been adjusted accordingly. The total number of shares held by the seller before the sale was 11,06,23,96,171 shares, representing 84.65% of the total voting capital. After the sale of 22,87,44,407 shares, the remaining holding stands at 10,83,36,51,764 shares, which is 82.90% of the total voting capital. The face value of each equity share is ₹10.
Source: BSE
