Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

UNBELIEVABLE: Irfc - The Untold Story

IRFC shares fall 2% as OFS worth Rs 2,212 crore opens for retail investors today. Here's all you need to know

Indian Railway Finance Corporation (IRFC) shares dipped as the government initiated an Offer for Sale (OFS), aiming to divest nearly 2% stake. The OFS, priced at a slight discount, saw strong institutional investor interest, leading to the exercise of the greenshoe option. Retail investors and employees can now participate in…

The Economic Times

Stocks in news: LIC, IRFC, Cummins India, Tata Motors PV, ONGC

Indian markets surged on Wednesday, recovering previous day's losses, with banking stocks leading the charge from a strong support zone, signaling a robust uptrend. Key companies like LIC, IRFC, Cummins India, Tata Motors PV, and ONGC are in focus. IRFC's government offer saw strong institutional demand, while Tata Motors plans…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, supportive global cues and optimism over India-US trade talks. Analysts highlight key technical levels for Nifty, while stock-specific action was seen in banking, IT, infrastructure and midcap counters across NSE trading data.

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option

The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS…

The Economic Times

IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should know

IRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims to boost the stock's free float and liquidity. The sale, part of the Centre's divestment drive, follows similar offerings in other public…

The Economic Times

Govt to sell up to 2% stake in IRFC via OFS; issue opens Wednesday

The government will launch an OFS in IRFC on Wednesday, offering up to a 2% stake through a base issue and greenshoe option. The share sale is part of the Centre's disinvestment strategy and aims to improve public shareholding, liquidity and compliance with Sebi's minimum public shareholding norms.

The Economic Times

Stocks in news: Premier Energies, Suzlon Energy, Paytm, Hindalco, ONGC

Indian markets saw a strong rebound on Monday. The Nifty index surpassed 24,000 and is expected to move higher. Premier Energies saw a large promoter stake sale. Suzlon Energy reported its Q4 results. ONGC is expanding its partnership with BP. IRFC entered metro rail financing. Paytm is investing in its…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

IRFC signs Rs 13,527 crore loan agreement with Hyderabad Metro for debt refinancing

IRFC will provide a Rs 13,527 crore loan to Hyderabad Metro Rail. This refinancing will help clear debt obligations. IRFC expects to fund more metro projects. The company plans to raise Rs 70,000 crore this financial year. This move signals significant growth for metro infrastructure financing in India.

The Economic Times

IRFC to raise ECB loan worth $2 billion to finance large infra projects

Indian Railway Finance Corporation is set to raise USD 2 billion through external commercial borrowing. This funding will primarily be in Japanese yen to support business growth in the current financial year. The company has already secured a loan agreement for USD 1.1 billion.

The Economic Times

Loans likely to cross Rs 1 lakh cr milestone in FY27: IRFC CMD

Indian Railway Finance Corporation (IRFC) aims to sanction Rs 1 lakh crore in loans this financial year, with plans to raise Rs 70,000 crore, including from overseas, in FY27. The PSU has diversified beyond railways into sectors like metro and ports, leading to record profits and net worth, while maintaining…

The Economic Times

IRFC Q4 Results: Co posts muted profit growth at Rs 1,684 crore, revenue rises 9% YoY

Indian Railway Finance Corporation reported a largely flat Q4FY26 performance, with net profit inching up to Rs 1,684 crore from Rs 1,682 crore a year earlier. Revenue, however, rose 9% year-on-year to Rs 7,336 crore, reflecting steady growth in business operations.

The Economic Times

Stocks in news: HAL, TMPV, Bharti Airtel, Anant Raj, Zydus Life, Tata Motors

Indian markets experienced a volatile yet stable session after a sharp sell-off, with the Nifty showing resilience. Key companies like HAL, Tata Motors, and Bharti Airtel are in focus due to quarterly results and news developments. Zydus Lifesciences is nearing a US acquisition, while Maruti Suzuki commits to green logistics.

The Economic Times

CBI registers FIR against former CMD of Indian Railway Finance Corporation over alleged financial irregularities

The Central Bureau of Investigation has registered a case against Amitabha Banerjee, former CMD of Indian Railway Finance Corporation (IRFC) in connection with irregularities in the purchase and distribution of exorbitant gold and non-gold items from funds of IRFC. Read further on Dynamite News:

Organisations

The Central Bureau of Investigation

From analysis to the latest developments in health,
read the most diverse news in one place.

Topics

Read news from The Economist, FT, and more,
with one subscription

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.