GK and monthly revision

IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know

IRFC shares fell by 5% as the government initiated an Offer for Sale (OFS) to divest a 1% stake at a floor price of Rs 91. This strategic move is designed to enhance the stock's free float and liquidity, aligning with the Centre's ongoing divestment efforts across various public sector undertakings. Despite a year-to-date decline in share value, IRFC continues to attract a substantial retail investor base, highlighting its market significance.