IRCON share price today slips over 6% on Government’s Stake sale plan
IRCON share price today: IRCON International share price has slipped to Rs 91.6, down Rs 6.3 or 6%. The government announced its plan to pare stake in the railways public sector unit. The government proposed to offload 4.7 cr shares or 10% of the total equity in IRCON International, with a green shoe option to sell an additional 2.8 cr shares or 6% of the total equity through an offer-for-sale, according to an exchange filing.
The floor price was fixed at Rs 88 apiece for IRCON International, over 10% discount yesterday’s closing price: Image taken from companys website