Positive global cues and expectations of healthy quarterly results along with that of a supportive Union Budget FY22 powered the ascent of India s barometer index the S&P BSE Sensex to cross the 50,000-mark on Thursday.Coming a day .
Positive global cues and expectations of a healthy quarterly results along with that of a supportive Union Budget FY22 powered the ascent of India s barometer index the S&P BSE Sensex to cross the 50,000-mark on Thursday.Coming a day .
Positive global cues and expectations of healthy quarterly results along with that of a supportive Union Budget FY22 powered the ascent of India s barometer index the S&P BSE Sensex to cross the 50,000-mark on Thursday.
The first IPO of this year: Indian Railway Finance Corporation (IRFC) worth about Rs 4,600 crore. It opened for subscription today and will close on January 20. The aim behind this IPO is to augment the company s equity capital base to meet future growth requirements and general corporate purposes. IRFC, set up in 1986, is a dedicated financing arm of the Indian Railways for mobilising funds from domestic as well as overseas markets. It is a public-sector enterprise which is completely owned by the Government of India. This will be the first IPO by a railway non-banking financial company (NBFC).The company s principal business is to borrow funds from the financial markets to finance acquisition/ creation of assets which are then leased out to the Indian Railways.