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    Question

    The government raises around _______ from the 5.36%

    stake sale in Rail Vikas Nigam Ltd (RVNL) through a two-day offer for sale (OFS).
    A Rs.1190 crore Correct Answer Incorrect Answer
    B Rs.1240 crore Correct Answer Incorrect Answer
    C Rs.1350 crore Correct Answer Incorrect Answer
    D Rs.1470 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The government raises around Rs 1,350 crore from the 5.36% stake sale in Rail Vikas Nigam Ltd (RVNL) through a two-day offer for sale (OFS).With the completion of the OFS, the public shareholding in RVNL would rise to a little over 27% from 21.8%, meeting the market regulator’s Minimum Public Shareholding (MPS) norm of 25% for listed firms. Subsequent to the OFS, the government will also sell a 0.5% stake in the company to eligible employees. This would fetch another Rs 126 crore to the Centre.

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