HighNeutral
Announced Wed, 1 Jul · 09:00 IST
Here are the stocks where the government could do OFS
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The government is eyeing stake sales in PSUs including LIC, IRFC, Indian Overseas Bank, and Central Bank of India to meet its ambitious ₹80,000 crore capital receipts target for FY27. LIC plans a 2 percent stake sale potentially raising about ₹10,000 crore, while IRFC's ongoing 2 percent OFS at a ₹91 floor price is expected to fetch roughly ₹2,200 crore. IOB is flagged as a strong future candidate given its 92.4 percent government holding, well above Sebi's 75 percent minimum public shareholding threshold.