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 markets and other borrowings for expansion and running of the Railways. Read more
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