Comments
Life Insurance Corporation (LIC) of India has increased its stake in Indian Railway Catering and Tourism Corporation (IRCTC) from 5.005 per cent to 7.278 per cent. The purchase of shares took place between October 17 and December 16, at an average price of ₹692.28, LIC said in its corporate filing.
The government last week launched an offer for sale (OFS) to sell 5 per cent stake in IRCTC. The OFS includes base issue size of two crore shares or 2.5 per cent stake, with an option to retain over-subscription of another 2.5 per cent, taking the total issue size to four crore shares or 5 per cent stake.
Shares of IRCTC closed at 0.67 per cent higher at ₹676.65 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.