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Indian government plans stake sale in Indian Railways` funding arm The Indian government is considering selling some of its stake in the state-owned Indian Railway Finance Corp (IRFC) as it aims to meet its divestment targets for the year, two government officials told Reuters on Wednesday. The government owns a little over 86% of the Indian Railways' funding arm. "The stake sale would take place soon," a government official said, adding that while the government is yet to decide the exact quantum of sale, it will aim to sell up to 11% in...
Indian government plans stake sale in Indian Railways` funding arm
Indian government plans stake sale in Indian Railways` funding arm
Source: Reuters
16/08/2023 2:34:53 PM
Indian Railway Finance Corporation rises on signing MoU with RITES Indian Railway Finance Corporation is currently trading at Rs. 35.19, up by 0.37 points or 1.06 % from its previous closing of Rs. 34.82 on the BSE. The scrip opened at Rs. 35.06 and has touched a high and low of Rs. 35.26 and Rs. 34.74 respectively. So far 1230600 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 37.37 on 04-May-2023 and a 52 week low of Rs. 20.30 on 28-Jul-2022. Last one week high and low of th...
Indian Railway Finance Corporation rises on signing MoU with RITES
Indian Railway Finance Corporation rises on signing MoU with RITES
Source: Accord Fintech
28/07/2023 11:22:43 AM
Centre receives Rs 903 cr as dividend from Indian Railway Finance Corporation The Central government has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation Ltd (IRFC) and RITES Ltd respectively as dividend tranches. Department of investment and public asset management (DIPAM) tweeted the information through the Twitter handle of DIPAM secretary Tuhin Kanta Pandey. It further informed that Rs 503 crore and Rs 66 crore have also been received from Hindustan Aeronautics Ltd (HAL) and Rashtriya Chemicals and Fertilizers Ltd (RCFL) respe...
Centre receives Rs 903 cr as dividend from Indian Railway Finance Corporation
Centre receives Rs 903 cr as dividend from Indian Railway Finance Corporation
Source: IANS
30/12/2022 2:32:44 PM
Railway stocks changing to fast track on the bourses The share prices of the Indian Railway sector companies seem to be chugging fast on the stock bourses track. The major listed companies catering to the railway sector are: Indian Railway Catering and Tourism Corporation Ltd (IRCTC), Container Corporation of India Ltd, Indian Railway Finance Corporation, IRCON International Ltd, Texmaco Rail and Engineering Ltd, BEML Ltd, Bharat Electronics Ltd, Rail Vikas Nigam Ltd and RailTel Corporation of India Ltd. According to analysts, the share p...
Railway stocks changing to fast track on the bourses
Railway stocks changing to fast track on the bourses
Source: IANS
28/11/2022 3:30:02 PM
Government gets dividends from IRFC, NALCO, CONCOR The government on Friday received Rs 711 crore, Rs 141 crore, and Rs 100 crore from IRFC, NALCO and CONCOR, respectively, as dividend tranches. This was tweeted by Secretary in the Department of Investment and Public Asset Management (DIPAM), Tuhin Kanta Pandey. Two days back, the government had received Rs 197 crore, Rs 48 crore and Rs 10 crore, respectively, from Uranium Corporation of India Ltd, KIOCL and Shipping Corporation of India as dividend tranches. On October 14, the gover...
Government gets dividends from IRFC, NALCO, CONCOR
Government gets dividends from IRFC, NALCO, CONCOR
Source: IANS
22/10/2022 9:01:44 AM
Indian Railway Finance Corporation gains on inking MoU with IIFCL Indian Railway Finance Corporation is currently trading at Rs. 21.50, up by 0.15 points or 0.70% from its previous closing of Rs. 21.35 on the BSE. The scrip opened at Rs. 21.40 and has touched a high and low of Rs. 21.50 and Rs. 21.40 respectively. So far 103032 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.35 on 25-Oct-2021 and a 52 week low of Rs. 19.30 on 20-Jun-2022. Last one week high and low of the ...
Indian Railway Finance Corporation gains on inking MoU with IIFCL
Indian Railway Finance Corporation gains on inking MoU with IIFCL
Source: Accord Fintech
12/10/2022 10:50:20 AM
IRFC raises Rs 1,375 cr by issuing bonds The Indian Railway Finance Corporation (IRFC), the dedicated financing arm of the Indian Railways has raised Rs 1,375 crore through issuance of domestic bonds. The fund has been raised at 6.80 percent coupon rate with 20-year maturity, IRFC said in a statement. "The bond issuance received a very good response from the investors comprising long term/ultra-long-term investors including primarily the provident funds. The issue was oversubscribed by six times as compared to the base is...
IRFC raises Rs 1,375 cr by issuing bonds
IRFC raises Rs 1,375 cr by issuing bonds
Source: IANS
28/03/2021 9:08:22 AM
IRFC logs 15% rise in net profit for Oct-Dec  Indian Railway Finance Corporation Ltd (IRFC) has reported a growth of 15.4 per cent at Rs 1,046.74 crore for the quarter ended December. During the same period of the last fiscal, the company had reported a net profit of Rs 907.04 crore. Its total revenue from operations rose 8 per cent to Rs 3,932.38 crore during the quarter under review, showed a regulatory filing. Its net profit for the April-December period rose by 15.65 per cent to Rs 2,934 crore. The company had reported...
IRFC logs 15% rise in net profit for Oct-Dec
IRFC logs 15% rise in net profit for Oct-Dec
Source: IANS
15/02/2021 9:35:08 AM
Quote on IRFC IPO By Jyoti Roy, Angel Broking Below are Views On Quote on IRFC IPO By Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd The Indian Railway Finance Corporation (IRFC) initial public offer (IPO) has been subscribed 3.49 times by the time of the closing of the issue. While the QIB portion was oversubscribed 3.78 times the NIB portion was oversubscribed by 2.66 times. Retail and the employee categories were oversubscribed by 3.53 times and 43.73 times respectively. Overall th...
Quote on IRFC IPO By Jyoti Roy, Angel Broking
Quote on IRFC IPO By Jyoti Roy, Angel Broking
Source: Angel Broking Ltd
21/01/2021 2:12:58 PM
IRFC and Indigo Paints IPO Comment by Nirali Shah, Samco Securities Below are Views On IRFC and Indigo Paints IPO Comment by Ms. Nirali Shah, Senior Research Analyst, Samco Securities IRFC is the first IPO to hit Dalal Street in the calendar year 2021 which is a direct play on the growth of Indian railways. The Company’s leases and loans are backed by MOR and that’s why it has reported nil NPAs for the quarter ended September, 2020. Fundamentally, the company is stable and has diversified sources of funding. IRFC’s AUM has also grown...
IRFC and Indigo Paints IPO Comment by Nirali Shah, Samco Securities
IRFC and Indigo Paints IPO Comment by Nirali Shah, Samco Securities
Source: Samco Securities Ltd
19/01/2021 1:13:11 PM
IRFC IPO to open on Monday in Rs 25-26 per share price band The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC) will open on January 18 in the price band of Rs 25-26 per share. The IPO worth over Rs 4,600 crore would close on January 20. The IPO of the NBFC comprises up to 178.20 crore equity shares of Rs 10 each, including fresh issue of 118.80 crore shares and offer for sale of 59.4 crore equity shares. On Friday, the company raised Rs 1,390 crore from anchor investors. Established in 1986, the dedicated fi...
IRFC IPO to open on Monday in Rs 25-26 per share price band
IRFC IPO to open on Monday in Rs 25-26 per share price band
Source: IANS
17/01/2021 4:31:08 PM
Government targeting IRFC IPO listing by September to raise ₹1,000 crore Now Get InvestmentGuruIndia.com news on WhatsApp. Click Here To Know More New Delhi: Activating the IPO pipeline, the government plans to offload 10% in Indian Railway Finance Corporation (IRFC) through listing by September in a bid to raise ₹1,000 crore. "We are in the process of listing the IRFC for IPO to offload 10% by September. It could fetch us ₹1,000 crore," sources said. IRFC, the finance arm of the Indian Railway, raises financial resources through capital ma...
Government targeting IRFC IPO listing by September to raise ₹1,000 crore
Government targeting IRFC IPO listing by September to raise ₹1,000 crore
Source: HT Media
21/07/2019 9:32:52 AM