Page 5 - Irfc

IRFC garners $500 mn through green offshore bonds; lists bonds at GIFT City

The bonds issuance is part of the USD 7 billion Global Medium Term Note (GMTN) Programme, IRFC said

IRFC looking to diversify revenue streams, says CMD Amitabh Banerjee

IRFC is set to expand its wings with its plans of diversification and in line with the govt mandate, it can finance non-railway projects that have got a backward and/or a forward linkage with Railways

Record disbursal, cheaper fund cost buoy IRFC net by 126% to Rs 1,482 cr

IRFC has reported a 126 per cent jump in net income to record Rs 1,482.55 crore in the March quarter, mainly due to higher interest income from record disbursals and cheaper funds.

IRFC posts 126% jump in fourth quarter net profit at Rs 1,483 crore

This compares to Rs 655 crore reported in the same period of previous fiscal.

IRFC, UTI AMC likely to get added in FTSE indices during rebalancing

China-based Fosun Pharma-led Gland Pharma also meets the qualification criteria, but limited room for overseas investment could spoil its chances

Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr

Initially the new institution would be government-owned, with its stake being cut gradually to 26%, says Finance Minister Nirmala Sitharaman

Fitch, S&P rate IRFC's proposed USD senior unsecured notes at BBB-minus

Fitch Ratings has assigned Indian Railway Finance Corporation's (IRFC's) proposed US dollar Regulation senior unsecured notes a rating of BBB-minus.The proposed notes will be issued under IRFC's existing four billion dollars global medium-term note programme.The net proceeds from proposed notes will be used for funding acquisition of rail assets which IRFC will lease to Indian Railways, and to meet debt-financing requirements of various entities in the railway sector.Fitch said the proposed notes are rated in line with IRFC's issuer default rating on the basis that the notes issued under the programme will constitute direct, unconditional and unsecured obligations of IRFC and rank pari passu (on equal footing) with all its other present and future outstanding unsecured and unsubordinated obligations.Meanwhile, S & P Global also assigned BBB-minus rating to long-term foreign currency issue rating to IRFC's proposed benchmark size senior unsecured US dollar notes.

RaiTel shares soar 28% on debut to end a tad over Rs 120 in a tepid market

The stock touched a high of Rs 128 and a low of Rs 101 on the NSE, where over Rs 1,500 crore worth of shares changed hands

We've had no NPAs, plan to keep it that way: Amitabh Banerjee, CMD, IRFC

In a Q&A, Banerjee says the company is unlikely to change its model of leasing to Indian Railways, but is open to financing private projects that have forward or backward linkages with railways

Stocks to watch: Stove Kraft, Hero Moto, Britannia, M&M, Biocon, Tata Power

IRFC has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum

IRFC mops up $750 million in maiden bond sale after initial public offering

IRFC had a bumper IPO last month

Indian Railway Finance lists at 4% discount over issue price in tepid debut

At 10:44 am, IRFC was quoting at Rs 25, after hitting a high of Rs 25.50 and a low of Rs 24.30 on the BSE.

Stocks to watch: IRFC, Tata Motors, IRCTC, TVS Motors, IndiGo, Airtel

InterGlobe Aviation reported a net loss of Rs 620 crore in the third quarter of pandemic-struck 2020-21 financial year

IRFC's Rs 4,500-crore IPO subscribed 3.7 times on the final day

Market players said the response was lukewarm when compared to some of the recent issues

Indian Railway Finance Corporation IPO subscribed 3.49 times on final day

The initial public offer of Indian Railway Finance Corporation Limited was subscribed 3.49 times on the final day of bidding

Indigo Paints or Home First Finance, which IPO is a safe investment bet?

In this podcast, Mr Vinod Nair, Head of Research at Geojit Financial Services and Mr. Ajit Mishra, VP Research, Religare Broking discusses and compares the IPOs of Indigo Paints and Home First Finance

Indices end at record closing; Sensex up 394 pts at 49,792, Nifty at 14,645

Sectorally, all except Nifty FMCG index ended the day in the green on the NSE with the FMCG index closing down 0.16 per cent

HDFC twins, RIL drive Sensex 834 pts up; Nifty tops 14,500; midcaps outrun

Stock market LIVE updates: India VIX cools off 6%

Rs 4,500-cr IRFC IPO subscribed 65% on Day-1, retail portion by 1.24 times

Employee quota lapped up by over 13 times. HNI and institutional book saw only a few bids

IRFC IPO opened today; should you subscribe? Risk and reward explained here

Should you subscribe? Likhita Chepa, Senior Research Analyst at CapitalVia Global Research and Nirali Shah, Senior Research Analyst, Samco Securities answers this in the podcast. Tune in to know more