In today’s briefing:
- IRCTC OFS – Well Flagged Deal for an Overly Well Priced Stock
IRCTC OFS – Well Flagged Deal for an Overly Well Priced Stock
- Government of India (GoI) aims to raise up to US$360m via selling its 5% stake in Indian Railway Catering and Tourism (IRCTC IN).
- This is not the first selldown by GoI and won’t be the last either. However, the stock now looks more expensive than ever.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
💡 Before it’s here, it’s on Smartkarma
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