IRFC

Govt to sell up to 4% stake in IRFC via OFS; floor price set at Rs 104 per share

contact@dailyupdatesindia.com4 hours ago02 mins

The government will divest up to a 4 per cent stake in state-owned Indian Railway Finance Corporation Ltd (IRFC) through an Offer for Sale (OFS) beginning Wednesday, according to a regulatory filing by the company.The floor price for the OFS has been fixed at Rs 104 per equity share, IRFC said, adding that the stake…

Rail funding: IRFC extends Rs 9,821 crore loan to DFCCIL; World Bank debt refinanced in rupee terms

contact@dailyupdatesindia.com2 months ago02 mins

Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its foreign currency debt taken from the World Bank for the Eastern Dedicated Freight Corridor project, PTI reported.The rupee-denominated term loan agreement was signed between Rahul Kapoor, Director (Finance), DFCCIL, and…

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Rail funding: IRFC extends Rs 9,821 crore loan to DFCCIL; World Bank debt refinanced in rupee terms