📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.   To make the central public sector enterprise compliant to SEBI’s minimum public shareholding (MPS) norm, the government has to dilute _____  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

      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.    The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways.  To make the central public sector enterprise compliant to SEBI’s minimum public shareholding (MPS) norm, the government has to dilute 11.36 per cent stake in IRFC.

    Practice Next
    More Beepedia Questions
    ask-question