India Govt plans further stake sale in IRCTC, invites bids from merchant bankers by Sep 10 Updated : August 21, 2020 11:11 AM IST The government currently holds 87.40 percent stake in IRCTC. To meet Sebi's public holding norm, the government has to lower its stake in the company to 75 percent. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.