After IRCTC IPO, DIPAM sets sight on IRFC, RailTel

New Delhi: The disinvestment department is hopeful of completing the listing of two rail PSUs, including the Indian Railway Finance Corporation (IRFC), in the current fiscal after the successful listing of IRCTC.

It has issued request for proposal (RFP) for appointing a registrar for the listing of Railways broadband and VPN arm RailTel by offloading 25 per cent of the government stake.

The plan is to list IRFC, the financing arm of the Indian Railways for mobilising funds from domestic as well as overseas capital markets, before March 31, as currently market condition is also favourable, official sources said.