IRCTC IPO to Maybe launched on September 30
The Indian Railway Catering And Tourism Corporation Limited also popularly known as IRCTC was incorporated in the year 1999 under Ministry of Railways to upgrade and professionalize catering services over Indian Railways and also to promote Railways as a kaleidoscope of tourism across the country.
This year IRCTC celebrates its 20th year of inception and is proud to be one of the most dynamic Public Sector Undertakings of the country and a customer centric organization engaged in a vast gamut of customer services that includes catering services, travel and tourism, railway internet ticketing and package drinking water.
IRCTC Preparing To Be Launched Initial Public Offering (IPO) on 30 September. Month September Last Week the finance minister Nirmala Sitharaman cut corporate tax. After this Corporate Cut News Share Market is seeing a boom. Nifty Near to 11700, Bank Nifty 30,000, Sensex near to 52 week high .Then IRCTC are plans to launch IPO at such a time.
Government is Expected To Sell a IRCTC IPO Stake Of Rs 480 Cr through the Proposed IPO of IRCTC.
- The proposed IPO is expected to see the government sell stake worth ₹480 crore through an offer for sale
- The government is looking to offload up to 20 million shares in IRCTC via the IPO
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