The scrip fell as much as
cent to hit a low of
apiece on the National Stock Exchange (NSE)
IRCTC shares were trading at Rs 701 on the NSE and were down by
Rs 33.70 4.59 per cent
around 10 am
Around 42 lakh
shares were on the block on NSE around this time.
The promoter (Government of India) proposes to sell up to
shares of IRCTC.
The floor price for the OFS has been fixed at Rs 680 a share,it currently
holds a 67.4 % stake
in the company.
Government will sell its 2.5 per cent stake on
Thursday (T day).
On 16 December
it will sell 2.5 per cent stake.
The government will sell its share via
OFS where 2.5 percent
shares will be sold through the green shoe option.
The stock has been out of action over the
last 5-6 months.
The stock hit its 52-week high of Rs 918.65 on 17 January, 2022 and
Hit 52-week low of Rs 557
within a span of six months.