Government Targeting IRFC IPO Listing By September To Raise ₹1,000 Crore


Government Targeting IRFC IPO Listing By September To Raise ₹1,000 Crore

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

Leave a Reply

Your email address will not be published.