Rail IPOs aims to meet Rs 1 trillion revised disinvestment target

In a bid to meet the government’s revised disinvestment target of Rs 1 trillion, the government is currently planning the IPO of two rail companies – IRFC and RITES. While, the RITES IPO could involve a 12 per cent stake of the government, a 10 per cent stake could be offloaded in the case of IRFC.