India Divests 2% Stake in Indian Railway Finance Corp
By EC Assets · Published
India will sell up to a 2% stake in Indian Railway Finance Corp through an offer for sale. The government plans to divest 1% of its equity. The announcement was made on Tuesday. Indian Railway Finance Corp's share price is currently at ₹100.9. This represents an increase of ₹1.38 from its previous closing price. The company's share price has seen a -27.21% change over the past year. Its 52-week range is between 87.00 and 143.15. The financing of India's rail transformation requires an ambitious approach. Challenges in financing high-speed rail have been discussed at workshops. Experts have also examined global examples and best practices in high-speed rail financing. The Ministry of Railways includes a Member (Finance), Ms. Manjusha Jain. This article is intended for informational purposes only. It does not constitute investment advice.
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