Wednesday, November 10, 2010

IRFC Tax free bond issue details

Indian Railway Finance Corporation Ltd. (IRFC) is a dedicated financing arm of ministry of Railways. It is a central public sector undertaking and a public financial institution under section 4A of companies Act, 1956. It is also registered as an NBFC (Non Deposit-taking Asst Finance Company) with RBI. Its sole objective is to raise money from the market to part finance the plan outlay of Indian Railways.

IRFC now proposes to raise tax-free bonds for Rs. 1000 crores plus oversubscription though private placement route.

Tenure of the bonds are 5 Years, 7 Years and 10 years.


For further details please contact on the following numbers:

022 - 40156688/40156690/40156692/40156699

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

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