Rail Vikas Nigam (RVNL)

 

• The government plans to sell 15% of the company's equity through an Offer for Sale. 
• The initial plan is for the sale of 20.85 crore shares or 10% of the total equity with a green shoe option to sell another 10.42 crore shares or 5% of the total equity. 
• The floor price of Rs 27.5 per share is a 9.5% discount to Tuesday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow.