The President of India, acting through the Ministry of Railways has made offer for sale of 26,40,40,829 equity shares of face value of ₹10 each, of Indian Railway Finance Corporation Limited, through a separate designated window of the Stock Exchanges on February 24, 2026.

The offer represents 1.71% of the total issued and paid-up Equity Share capital of Indian Railway Finance Corp.

Cyril Amarchand Mangaldas advised Goldman Sachs (India) Finance Private Limited, the broker on this offer for sale.

The transaction team was led by Gokul Rajan (Partner, Regional Co-Head - Capital Markets - North), with support from Amitpal Singh (Principal Associate).

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