Government puts IRCTC disinvestment plan on hold, wants better valuation


Government puts IRCTC disinvestment plan on hold, wants better valuation

The government has deferred its plans for disinvestment of Indian Railway Catering and Tourism Corporation (IRCTC) as it wants a better valuation of the e-commerce site.

According to a report in the Times of India, government wants to tap the massive pile of traveller data available with the site and is working out a revamp plan before selling shares in one of the largest e-commerce sites in India.

“There is huge data with the company and that is not getting captured in the valuation. We are trying to see how we can utilise that,” the TOI report quoted Goyal as saying in a news conference.

According to the TOI report, 7 lakh tickets are issued on a daily basis through IRCTC website while 3,500 passengers order food daily through the site. IRCTC has around 3 crore registered users. Currently, it offers services like railway, air ticketing, tourist train bookings, e-catering etc. Read More

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