The Crash Of IRCTC Share Prices

IRCTC shares crash over 5% after government announces stake sale through an offer-for-sale

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The scrip fell to hit a low of Rs 694.05 apiece, on the National Stock Exchange, during late morning deals

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On BSE, it declined as much as 5.49% to Rs. 694.40

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At Rs 680 a share, the sale of 4 crore shares would get cheaper IRCTC about Rs. 2,700 crore to the exchequer

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The floor price is at a discount of 7.47% from Wednesday's closing price of Rs 734.90 on NSE

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The OFS will open for subscription by institutional investors in Thursday and retail investors on Friday

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