IRCON International shares fall 7% on govt. stake sale bid announcement
The Hindu
Shares of IRCON International Ltd. on Wednesday closed with more than 7% losses after the government announced its plan to pare stake in the railway entity. On BSE, the scrip dived 6.9% to close at ₹91.1. On the National Stock Exchange, the shares ended 7.25% lower at ₹90.8.
DIPAM Secretary Tuhin Kanta Pandey on Tuesday tweeted: “Offer for Sale in IRCON opens tomorrow for Non Retail Investors. Day 2 for Retail Investors.”
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