RVNL IRCON Merger: Suddenly there has been a stir in the stock market regarding two big government companies of the railway sector. It has come to light in media reports that the government is considering the plan of merger of IRCON International Ltd and Rail Vikas Nigam Limited. As soon as this report came in the media, there was strong buying in the shares of both the companies. IRCON shares jumped nearly 12% in Friday’s trade, while RVNL shares rose nearly 7%.
Is the merger of RVNL and IRCON really going to happen? Exchange sought clarification from PSUs on media reports – Shares ran up by 12% – Market
