HomeBUSINESSIRCTC clarifies on reports of govt dropping OFS plans

IRCTC clarifies on reports of govt dropping OFS plans


Indian Railway Catering and Tourism Corporation (IRCTC) issued clarification to the exchanges on Monday after media reports suggested that the government has dropped its plans for IRCTC’s offer for sale (OFS) for now due to volatile market conditions.

“ln this regard, we would like to submit that the Company is not aware of any such information. Also, being a Government Company, such decisions are taken by the Government of lndia. It is further submitted that the “news article” has been published without any inputs of IRCTC’s authorized representative of IRCTC,” it clarified in the exchange filing today.

Meanwhile, last week, the state-owned Indian Railways’ PSU informed that it has withdrawn the tender for appointing consultant for data monetization. “It is to further inform that due to withdrawal of Personal Data Protection Bill 2018 by the Government of lndia, the above referred E-tender for appointment of Consultant for Data Monetization of lndian Railway/ IRCTC floated by IRCTC, on 29th July, 2022 has been withdrawn,” the company said in a regulatory filing on Friday.

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