InvestorQ : Is it true that the government is again planning to hive off its stake in IRCTC?
Lavanya Subramanian made post
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Is it true that the government is again planning to hive off its stake in IRCTC?

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Anamika Sodhani answered.
3 years ago
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Yes that is absolutely correct. The government is planning to hive off further stake in IRCTC, less than a year after the last OFS. The merchant bankers have been asked by the government to submit their valid bids by September 10.

Currently, the government owns 87.40% in IRCTC and the government may look to reduce its stake to 75% in li with SEBI recommendations on public holding. IRCTC has a monopoly to provide catering services to railways, online railway tickets and packaged drinking water.

The government has a massive divestment target of Rs.210,000 crore this year and it has not even seriously started the exercise.

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