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Centre announces OFS for RVNL, to sell up to 5.36% stake
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Rail Vikas Nigam Ltd's 5.36 stake, it informed via a stock regulatory filing.
The notice said, "The Ministry of Railways has submitted to BSE a copy of notice of the proposed OFS up to 70,890,683 equity shares of RVNL on 27 July, 2023, (T day) and on 28 July, 2023 (T+1 day) with an option to additionally sell 40,866,394 equity shares through a separate, designated window of the BSE Limited and the NSE collectively representing 5.36% of the total issued and paid up equity share capital of the company in accordance with the OFS guidelines." This is a breaking story, it will be updated shortly.
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