The government is selling about 7.53 crore equity shares, representing 8 per cent of the railway public sector unit (PSU) at a floor price of Rs 154 apiece through a two-day offer for sale (OFS).
Under the OFS, the government will offload about 3.76 crore shares, which represents a 4% stake through the OFS, and in the case of oversubscription, an additional 4% stake will be under sale.