Ircon to raise funds by issuing fresh equity, diluting govt stake
(WorldNews Business)

Railway CPSE Ircon International plans to raise funds by issuing fresh equity shares, piggybacking on the government´s proposal to dilute its stake to 75 per cent through follow-on public offer route, an official said. The government, which holds 89.18 per cent stake in Ircon International, is required to bring it down to 75 per cent...