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    Question

    The government is planning to sell a part of its holding

    in state-owned Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal.Ā Ā  To make the central public sector enterprise compliant to SEBIā€™s minimum public shareholding (MPS) norm, the government has to dilute _____Ā  stake in IRFC.
    A 10.52 percent Correct Answer Incorrect Answer
    B 11.36 percent Correct Answer Incorrect Answer
    C 12.55 percent Correct Answer Incorrect Answer
    D 14.39 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Ā  The government is planning to sell a part of its holding in state-owned Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal.Ā Ā Ā  The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways.Ā  To make the central public sector enterprise compliant to SEBIā€™s minimum public shareholding (MPS) norm, the government has to dilute 11.36 per cent stake in IRFC.

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