The ministry of railways has asked its Indian Railways Catering and Tourism Corporation (IRCTC) to share 50% of convenience fee the company earns with effect from November.
Till now, IRCTC has kept 100% of the convenience fee it earned from customers for providing various services.
- Since the listing in October 2019, the stock has given stellar returns to investors. Since the start of 2021, the scrip has surged over 200% and by massive 246% in past one year.
- Also, IRCTC shares were traded ex-split today. The record date has been set as October 29, Friday for the sub-division of equity shares of ₹10 each into five equity shares of ₹2 each.