New Delhi, Feb. 25 -- The Government of India has launched an Offer for Sale (OFS) for Indian Railway Finance Corporation (IRFC), aiming to dilute up to 4 per cent stake in the company, including a base offer of 2 per cent and an additional 2 per cent green shoe option, the company stated in an exchange filing.

The Offer for Sale opens on February 25, for non-retail investors, while retail investors will be able to place their bids on February 26. The government currently holds an 86.36 per cent stake in the company.

The floor price for the Offer has been set at Rs 104.00 per equity share, which will be the minimum price at which investors can place their bids under the OFS.

Under the OFS, the government will sell up to 26,13,70,120 eq...