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Govt mobilises nearly ₹2,100 cr via share sale of state-owned IRFC
The government on Thursday said it has raised around Rs 2,100 crore from the share sale of state-owned Indian Railway Finance Corporation (IRFC). The OFS for IRFC closed with an enthusiastic response from the retail investors, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. "Combined with the institutional investors, 22.88 crore shares were sold to the minority shareholders over the two trading days for an estimated amount of Rs 2,084 crore. We thank all investors for their participation and for reposing their faith in us," he said. The government decided to exercise the green shoe option on Wednesday, allowing 2 per cent stake dilution in the public sector undertaking (PSU) of the Railway Ministry. The Department had fixed a floor price of Rs 91 per share, at a discount of 7.8 per cent over Tuesday's closing price of IRFC shares on the BSE. Shares of IRFC closed 0.8 per cent lower at Rs 91.78 on the BSE on Thursday. Prio
IRFC OFS oversubscribed 1.86 times on day 1; Govt exercises green shoe option
Shares of Indian Railway Finance Corporation Ltd ended at ₹92.53, down by ₹6.16, or 6.24%, on the BSE.
Banks boost renewable energy credit by 7% in April amid energy security concerns
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
Markets in green: Nifty above 24,300, Sensex up 250 points; Trent, Bajaj Finance among gainers - The Financial Express
Markets in green: Nifty above 24,300, Sensex up 250 points; Trent, Bajaj Finance among gainersThe Financial Express
IRFC OFS opens today; Govt to divest 2% stake — check floor price
The government will sell a 2% stake in Indian Railway Finance Corporation through an Offer for Sale at a floor price of ₹104, with a 2% green shoe option, as non-retail bidding opens February 25.