Synopsis: The government plans to dilute 5–10% stakes in major railway PSUs including IRCTC, IRFC, RVNL, IRCON, RITES, RailTel, and CONCOR as part of its FY27 monetisation target. While the move could create nearly ₹11,000 to ₹25,000 crore worth of supply pressure,...
Synopsis: A leading PSU financial stock fell nearly 4% after the government announced plans to divest up to 4% stake via OFS at a floor price of ₹104. The move could raise around ₹5,430 crore, triggering short-term volatility amid increased supply and cautious...
Synopsis: The Government of India plans to raise Rs 80,000 crore via stake sales in seven railway PSUs, where it holds up to 86.36 percent, funding Indian Railways modernization and growth. Indian Railways, one of the world’s largest rail networks, is a vital backbone...
Synopsis: IRFC awarded a USD 300 million ECB mandate to SMBC’s GIFT City branch for a 5-year term with bullet repayment. The funds will be used under RBI’s ECB norms. The stock dipped 2.35 percent intraday. QoQ revenue and profit grew 2.9 percent and 3.8 percent...
Railways are the backbone of the country. It helps to move tonnes of freight across the country inland. The connectivity has aided companies in delivering goods in bulk. The government is looking to increase investments to improve the logistics cost and maintain its...
Indian Railway Finance Corporation – IRFC IPO Review: 2021 is off to a great start as markets are at an all-time high and scheduled IPO’s only add to the excitement. The first IPO for 2021 will be the huge public offering by IRFC which opens on the 18th of...
