The Indian government has announced an offer for sale (OFS) in state-run Indian Railway Finance Corporation (IRFC), seeking to divest up to 2 per cent of its equity stake.
The transaction will be executed through a base offer combined with a greenshoe option, marking a fresh step in the government's disinvestment strategy for key infrastructure lenders.
The benchmark Sensex extended its losses on Tuesday, sliding more than 520 points, while the Nifty 50 breached the 24,000 level.
The announcement comes as Indian equity markets faced renewed selling pressure.
The benchmark Sensex extended its losses on Tuesday, sliding more than 520 points, while the Nifty 50 breached the 24,000 level.
The broader sell-off was driven primarily by weakness in the information technology sector, with major names such as Infosys among the stocks in focus alongside IRFC.
Investors are also tracking developments at Honasa Consumer and Rashi Peripherals, which are expected to see heightened trading activity amid the market turbulence.