New Delhi, June 23 -- The government on Tuesday announced an offer for sale (OFS) in state-run Indian Railway Finance Corporation (IRFC), seeking to divest up to 2% of its equity stake through a base offer and a greenshoe option.

The OFS will open for non-retail investors on Wednesday and retail investors will be able to participate on Thursday, Arunish Chawla, secretary at the Department of Investment and Public Asset Management (Dipam), said in a post on X. Chawla said the government proposes to divest a 1% equity stake in the company, with an additional 1% stake available through a greenshoe option if investor demand is strong.

However, Dipam has not yet disclosed key details such as the floor price and offer size for the OFS. In rec...