The government is moving ahead with listing of two railway PSUs — Indian Railway Catering and Tourism Corporation (IRCTC) and Indian Railway Finance Corporation (IRFC) — over the next few months as part of its ambitious disinvestment programme for the current financial year.

IRCTC filed a draft prospectus for sale of two crore shares, which will reduce the Centre’s equity by around 12%. The listing of what is billed as India’s largest e-commerce company, due to the massive scale of railway ticket sales on the platform, has been in the pipeline. However, it had been shelved due to a fall in the company’s valuations.

While the IRCTC listing is expected to help the government generate Rs 500-600 crore, the Centre’s plan to list IRFC, is expected to raise around Rs 2,000 crore through sale of 15% stake.