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  • Exclusive| Indian Railway Finance Corp raises Rs 1,994 crore in June through 20-yr bonds Jun 14, 2021 02:39 PM IST

    Exclusive| Indian Railway Finance Corp raises Rs 1,994 crore in June through 20-yr bonds

    The company's bonds have been in high demand following the central government's decision to boost spending on infrastructure projects to lead the country’s post-pandemic economic recovery. The finance arm of the Indian Railways plans to raise over Rs 1 lakh crore in fiscal year 2022.

  • IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y Feb 25, 2021 12:44 PM IST

    IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y

  • IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y Feb 23, 2021 11:18 AM IST

    IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y

  • IRFC expects AUM to reach Rs 3.5 lakh crore by FY22, says CMD Amitabh Banerjee Feb 16, 2021 02:58 PM IST

    IRFC expects AUM to reach Rs 3.5 lakh crore by FY22, says CMD Amitabh Banerjee

    Indian Railway Finance Corporation’s overall asset under management (AUM) was at Rs 2.97 lakh crore and is expected to grow to Rs 3.5 lakh crore in FY22.

  • IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y Feb 16, 2021 09:44 AM IST

    IRFC Standalone December 2020 Net Sales at Rs 3,932.39 crore, up 8.01% Y-o-Y

  • Govt mops up Rs 19,499 crore from CPSE disinvestment, buyback so far in FY21 Jan 31, 2021 08:32 PM IST

    Govt mops up Rs 19,499 crore from CPSE disinvestment, buyback so far in FY21

    Finance Minister Nirmala Sitharaman had in her budget for 2020-21 set a target of raising Rs 2.1 lakh crore from privatisation, sale of minority stakes in state-owned companies and share buyback by CPSEs.

  • With infrastructure push, Railways to see highest-ever capex in 2021-22 Jan 27, 2021 07:03 PM IST

    With infrastructure push, Railways to see highest-ever capex in 2021-22

    Indian Railways' capex was pegged at Rs 161,042 crore in 2020-21 and this is likely to grow in double-digits in 2021-22

  • Interview | IRFC will consider financing purchase of rolling stock by private players: Chairman Jan 20, 2021 06:09 PM IST

    Interview | IRFC will consider financing purchase of rolling stock by private players: Chairman

    Railways is in the process of opening up to the private sector and that will involve around Rs 30,000 crore of rolling stock investment. We can think of financing these private parties, Amitabh Banerjee told Moneycontrol.

  • IRFC lists $1 bn medium-term notes on India INX Feb 17, 2020 03:10 PM IST

    IRFC lists $1 bn medium-term notes on India INX

    In the first tranche, bonds worth USD 700 million will be issued at a coupon rate of 3.249 per cent due in 2030 while the second tranche consists of bonds worth USD 300 million at 3.95 coupon rate due in 2050, India INX said in a release.

  • IRFC files IPO draft papers with Sebi Jan 20, 2020 01:45 PM IST

    IRFC files IPO draft papers with Sebi

    The public issue is of up to 140,70,69,000 equity shares of which up to 93,80,46,000 equity shares are fresh issue, and up to 46,90,23,000 equity shares are offer for sale, according to the draft red herring prospectus (DRHP).

  • Govt targets IRCTC, IRFC IPOs by September, to raise about Rs 1,500 cr Apr 17, 2019 03:02 PM IST

    Govt targets IRCTC, IRFC IPOs by September, to raise about Rs 1,500 cr

    The finance ministry earlier this year initiated the process of launching an IPO of Indian Railway Finance Corporation (IRFC) but the company has told the railway ministry that their borrowing cost will go up if it gets listed, the official said. A final call on this would be taken by the Union Cabinet.

  • Govt plans to list railway PSUs RVNL, IRFC in Jul-Sep quarter Jun 18, 2018 09:00 PM IST

    Govt plans to list railway PSUs RVNL, IRFC in Jul-Sep quarter

    In the RITES IPO, the government is selling 12 per cent stake or 2.52 crore equity shares, including 12 lakh shares to employees.

  • IRFC's Rs 5,000 cr bond issuance to LIC gets govt guarantee Mar 26, 2018 04:28 PM IST

    IRFC's Rs 5,000 cr bond issuance to LIC gets govt guarantee

    "The Ministry of Finance has approved the Government guarantee of Rs 5,000 crore in the current financial year for the IRFC bonds to be subscribed by the Life Insurance Corporation (LIC)," an official statement said.

  • IRFC declares Rs 340 cr as dividend for 2016-17 Mar 28, 2017 08:23 PM IST

    IRFC declares Rs 340 cr as dividend for 2016-17

    Indian Railway Finance Corporation (IRFC) has declared highest ever interim dividend of Rs 340 cr for the 2016-17 fiscal.

  • Finance Ministry kickstarts listing process of 3 Rail PSUs Feb 20, 2017 10:54 AM IST

    Finance Ministry kickstarts listing process of 3 Rail PSUs

    The government is considering divesting a portion of the paid-up equity share capital through an IPO and has sought Expression of Interest (EoI) from merchant bankers by March 16.

  • Cos raise Rs 1.52 lakh cr via bonds on BSE e-book platform Feb 14, 2017 08:54 AM IST

    Cos raise Rs 1.52 lakh cr via bonds on BSE e-book platform

    The BSE-BOND was launched on July 1 to facilitate online bidding for private placement of debt securities. Since then, 53 companies have raised Rs 1,51,865 crore through it.

  • Budget 2017: Disinvestment target at Rs 72,500cr; 3 Rail PSUs to be listed Feb 01, 2017 03:20 PM IST

    Budget 2017: Disinvestment target at Rs 72,500cr; 3 Rail PSUs to be listed

    Government today said it will raise Rs 72,500 crore through disinvestment of PSUs, including listing of three railway PSUs IRCTC, IRFC and IRCON, and proposed merger and consolidation to create globally competitive public sector units.

  • Union Budget 2017-18: IRCTC, IRCON, IRFC to be listed on bourses: Jaitley Feb 01, 2017 12:48 PM IST

    Union Budget 2017-18: IRCTC, IRCON, IRFC to be listed on bourses: Jaitley

    In his Budget speech today, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs and a new CPSE Exchange Traded Fund (ETF) in 2017-18.

  • IRFC, NTPC raise Rs 2,700 cr via bonds on BSE e-book platform Nov 22, 2016 05:56 PM IST

    IRFC, NTPC raise Rs 2,700 cr via bonds on BSE e-book platform

    IRFC and NTPC today raised Rs 2,000 crore and Rs 700 crore, respectively, through issuance of debt securities on BSE's newly launched electronic book mechanism platform.

  • Plan to raise Rs 21,000 cr bonds via IRFC: AK Mittal Feb 25, 2016 05:48 PM IST

    Plan to raise Rs 21,000 cr bonds via IRFC: AK Mittal

    Speaking to CNBC-TV18, AK Mittal, Railway Board Chairman says that it will partner with companies like NTPC, SAIL, Coal India to raise Rs 18,000 crore.

  • IRFC tax free bonds issue oversubscribed 2.38 times Dec 08, 2015 07:25 PM IST

    IRFC tax free bonds issue oversubscribed 2.38 times

    Indian railway finance corporation raises Rs 10796 crore as against the issue size of Rs 4532 crore.

  • NBFC, govt issuer to gain from masala bonds funding:Moody's Nov 24, 2015 09:02 PM IST

    NBFC, govt issuer to gain from masala bonds funding:Moody's

    In September, Reserve Bank had allowed non-banking finance companies (NBFCs) and other corporates to issue masala bonds within the broad external commercial borrowing (ECB) framework to deepen capital markets and provide these issuers with a way to raise funds abroad without incurring currency risk.

  • NTPC's Rs 700 crore tax-free bonds to open on Wednesday Sep 21, 2015 06:11 PM IST

    NTPC's Rs 700 crore tax-free bonds to open on Wednesday

    The company will open the public issue of Rs 700 crore tax-free bonds on September 23 for which the government had given approval, NTPC Chairman and Managing Director A K Jha told reporters in a press conference here.

  • NTPC tax-free bonds oversubscribed 7.25 times Aug 20, 2015 03:05 PM IST

    NTPC tax-free bonds oversubscribed 7.25 times

    The company further said that it targeted raising Rs 300 crore through the bonds but the bids were received for Rs 2,175 crore for placing the bonds on private placement route.

  • NHAI, 6 other PSUs to raise Rs 40,000 cr via tax free bonds Jul 08, 2015 08:23 PM IST

    NHAI, 6 other PSUs to raise Rs 40,000 cr via tax free bonds

    Government on Wednesday allowed seven state-owned entities, including NHAI, IRFC and NTPC, to raise Rs 40,000 crore in the current fiscal through tax-free bonds.

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