The government is planning to sell part of its stake in Indian Railway Catering and Tourism Corp Ltd. in the current fiscal, and has invited bids from merchant bankers for managing the sale process.
The Govt. of India intends to disinvest a part of the paid up equity capital of IRCTC out of its shareholding through ‘Offer for Sale method of shares by promoters through the stock exchanges’ as per Securities and Exchange Board of India Rules and Regulations,” DIPAM said while inviting Request for Proposal.