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Govt to sell up to 15% stake in Rail Vikas Nigam via offer for sale
short by Kiran Khatri / on Friday, 23 October, 2020
The government has said that it's planning to disinvest up to 15% stake in Rail Vikas Nigam Ltd (RVNL) out of its 87.84% shareholding through an offer for sale (OFS). It has invited bids from merchant bankers and will appoint around three of them to manage the sale. As on March 31, RVNL had a net worth of ₹4,499.77 crore.