IRCTC share price tanks 20% as Railways Ministry asks to share 50% of revenue from convenience fee
Shares of Indian Railway Catering & Tourism Corporation (IRCTC) plunged by 20 per cent in the first 30-minutes of trade after the Indian Railways' online ticketing arm asked to share 50 per cent of the convenience fee the company earns with the ministry of railways.
IRCTC’s ticketing business accounts for almost 27 per cent of the revenue in FY20. Image Source: PTI