OFS in PSU’s to meet Divestment target 2023-24- there are many possible candidates during Feb- March 2023-24 as listed in the article - IRFC could be one of them- for the Govt , it is mouth watering valuation
For the current fiscal year 2023-24, the Union Budget has scaled down the disinvestment revenue target in the revised estimates to Rs 30,000 crore from Rs 51,000 crore.
It has been a good practice on part of the Govt to release this info in advance so that small investors remain alert for trading ,/ buying /selling. i also watched in TV from DIPAM officials some of these names as possible candidates for OFS.
Discl: Exited IRFC long back with profit booking
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