SENSEX
NIFTY 50
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MCX GOLD DEC 05
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SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Stock Market Live: Sensex trades 200 points lower, Nifty below 15,200; metals drag; IT stocks outperform

Asian stocks edge higher, Aussie in demand on recovery signs

Today's stock tips by Sudarshan Sukhani, Mitessh Thakkar

Rupee slumps 27 paise to 72.99 against US dollar in early trade

IRFC likely to finance a large chunk of project under NIP, says CMD

Updated : January 29, 2021 02:54 PM IST

Indian Railway Finance Corporation (IRFC) has made a weak debut on the bourses as the stock listed at 4 percent discount to issue price. Amitabh Banerjee, CMD of IRFC shared his views and outlook for the business going forward.

“One-third of the issuance is on account of offer-for-sale (OFS) of 5 percent that is being divested by government of India. The total issue size is Rs 4,633 crore out of which the share of government of India will be almost Rs 1,533 crore. 10 percent being the fresh issuance valuing about Rs 3,100 crore will come to company’s balancesheet,” he said.

“Going forward, with the National Infrastructure Pipeline (NIP) in place of the government of India, we sincerely hope that IRFC will be definitely mandated to provide a major chunk of this capex outlay expenditure,” he said.

“Assets under management (AUM) stands at about Rs 2,78,000 crore to end of September 2020. This AUM has been growing at CAGR of more than 27 percent over the last three years and there has been a huge growth,” he added.

For more, watch the video…

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