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.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.
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Non-partisanship refers to:
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