Latest Updates Around The World
The Indian Railway Finance Corporation (IRFC) offer for sale (OFS) opened flat at the floor price of Rs 104, valuing the total issue at around Rs 5,436 crore through the sale of 4% equity stake.The Center has proposed to divest 2% stake in IRFC, with another 2% offered as a green shoe option. Under the […]
The government will not exercise the oversubscription option for the Indian Railway Finance Corporation (IRFC) offer for sale (OFS) after the issue was not fully subscribed on the opening day.The issue, which opened today for non-retail investors, was subscribed to 95% of the 2% shares, amounting to 26.13 crore shares. In a regulatory filing with […]
The government will sell up to 4% stake in the Indian Railway Finance Corporation (IRFC) through an offer for sale (OFS) open to non-retail investors on Wednesday, while retail investors can make bids on Thursday.The government has offered to divest 2% stake in IRFC, with another 2% as green shoe option. Under the OFS, over […]
Indian Railway Finance Corporation (IRFC) reported a net profit of Rs 1,802.19 crore for the third quarter of fiscal 2025-26. In a statement to the stock exchanges, the Navratna said this was the highest ever gain. The public sector railway company had reported an operating profit of Rs 1,630.66 crore for the quarter ended December […]
Despite the government’s emphasis on expanding the road network, the pace of awarding new road projects in 2025 remained moderate. | Photo credit: ALLEN EGENUSE J India’s bid to become the world’s third-largest economy by 2030, with a target GDP of more than $7 trillion, will be supported by heavy investment in infrastructure, with roads, […]
State-owned Indian Railway Finance Corporation Ltd (IRFC) on Friday said it has raised Rs 2,981 crore through its maiden issuance of zero-coupon bonds to finance railway projects. Proceeds will be used to finance and refinance key infrastructure projects, including ongoing and upcoming rail and related infrastructure initiatives. The issue received an overwhelming response, with bids […]
