4Photo© hindustantimes.comIRCTC to launch IPO on Sept 30, expected to announce price band today
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The Indian Railway Catering and Tourism Corporation Limited (IRCTC) is expected to launch its initial public offering (IPO) on September 30, suggest media reports.
The IRCTC, which sells tickets for Indian Railways and manages its catering services, is expected to announce the IPO price band today, reports business website LiveMint.
The government may sell stake worth ₹480 crore through an offer for sale, the report says.
The plan to launch the IPO comes immediately after stock markets see a turnaround with Sensex zooming up to 2,000 points after the government cut corporate tax last week.