IRCTC: The government will reduce its shareholding in Indian Railway Catering and Tourism Corporation (IRCTC) through an offer for sale, According to a report in The Economic Times. The department of investment and public asset management (Dipam) has invited bids from merchant bankers and brokers to divest part of the government's shareholding of 87.4% in the central public sector enterprise, which was listed on the stock exchanges last year.