New Delhi, June 23 -- The Government of India has announced plans to sell up to two per cent stake in Indian Railway Finance Corporation (IRFC) through an Offer for Sale (OFS), according to the Department of Investment and Public Asset Management (DIPAM).

DIPAM announced the stake sale through a post on social media platform X on Tuesday.

"Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 1 per cent equity in the IRFC along with additional 1 per cent as green shoe option," DIPAM said.

An Offer for Sale (OFS) is a mechanism through which promoters of a listed company, including the government in public sector enterpri...