Due to the Indian government launching an offer to sell up to 2% of IRFC shares and reserving the right to sell an additional 2%, aimed at meeting the minimum public shareholding requirement, IRFC's stock price fell accordingly. The bottom price for this offer is 104 rupees per share. On the first day of the offer to non-retail investors, IRFC's stock price dropped nearly 4%, to 105.12 rupees per share.
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Due to the Indian government launching an offer to sell up to 2% of IRFC shares and reserving the right to sell an additional 2%, aimed at meeting the minimum public shareholding requirement, IRFC's stock price fell accordingly. The bottom price for this offer is 104 rupees per share. On the first day of the offer to non-retail investors, IRFC's stock price dropped nearly 4%, to 105.12 rupees per share.