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IRCTC shares tank over 10% as govt begins to offload 20% stake via OFS

The stock ended at Rs 1,452, down 10.3 per cent. Analysts said the higher than excepted paper supply by the government weighed on sentiment

Topics
IRCTC | OFS norms

Sundar Sethuraman  |  Thiruvananthapuram 

IRCTC
Market players were hoping the government will pare its holding only to the extent of 75 per cent

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) plunged more than 10 per cent on Thursday after the government launched a share sale to offload its 20 per cent stake.

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First Published: Thu, December 10 2020. 21:11 IST
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