A balloon vendor stands in the doorway of a train carriage as he travels by rail in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rail Vikas Nigam IPO To Fetch About Rs 480 Crore To Government

The government is expected to raise about Rs 480 crore by selling 12.12 percent stake in Rail Vikas Nigam Ltd. with both retail and institutional investors lapping up the shares reserved for them.