The Government of India, through the Ministry of Railways, has issued a legal notice detailing transfer restrictions and representations for institutional investors participating in the Indian Railway Finance Corporation Limited (IRFC) Offer for Sale (OFS). According to the Department of Investment and Public Asset Management (DIPAM) Secretary, the OFS will open tomorrow for non-retail investors, marking the government’s plan to divest up to a 4% stake in IRFC. An additional 2% stake will be available under the green shoe option, aimed at meeting strong investor demand. Retail investors will be allowed to place their bids on Thursday. The sale is part of the Centre’s broader disinvestment strategy to optimize public sector holdings and enhance market liquidity.