As per the plan of the central government, 4 percent shares of Ircon will be sold for the first time. An additional 4 percent stake will be sold if the offer is well received.
The minimum price for selling Ircon shares has been fixed at Rs 154 per share. The amount has been fixed at a discount of 10.5 per cent to the price at which the company's shares were sold on Wednesday. The central government currently holds 73.18 percent stake in IRCON. 8 percent of these shares will be sold. Government of India is trying to raise Rs.1200 crore by selling Ircon shares.Bank Holidays: Bank holidays now every Saturday and Sunday? Delhi Important Information by Ministry of Finance
The central government is trying to raise Rs 510 billion in the financial year 2023-24 by selling stake in public sector companies. So far, the government has raised Rs 88.50 billion by selling stakes in public sector companies.
Storm boom in the stock market, Sensex-Nifty surge… What to do next? Be smart while investing
Today, the share of Ircon International has decreased by one percent. The price of one share of this company was Rs 171 65 paise when the market closed today. The stock of this company has increased by 12.56 percent in the last month and 97.87 percent in the last six months. This year, the stock has returned 188 percent to investors. Compared to last year, Ircon's share price has increased by 300 percent. The company's stock was at a high of Rs 179.90 in the last 52 weeks. While the lowest price was Rs.48.80. The market cap of the company is Rs 16 thousand 176.87 crore.
Adani is back! Gautam Adani's record breaking earnings, one thousand crores earned in one day
