Govt targetes IRCTC, IRFC IPOs


  • The government is targeting to raise about ₹1,500 crore from initial publicofferings (IPOs) of two railway companies, IRCTC and IRFC, by September 2019.
  • Earlier in April 2019, the government raised about ₹480 crore by selling12.12% stake in Rail Vikas Nigam Ltd (RVNL).
  • The government has budgeted to raise ₹90,000 crore by way of CPSEdisinvestment in the current financial year.
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