IRFC shares rise 4% on ₹12,842 cr refinancing deal
pre-market1 source ↓written by the desknot a recommendation
- after announcing
- 4%
- refinancing agreement
- ₹12,842 crore
- as of early
- ₹4.75 lakh crore
Shares of Indian Railway Finance Corporation gained over 4% after announcing a ₹12,842 crore refinancing agreement with Hindustan Urvarak and Rasayan (HURL). This deal marks a significant shift for IRFC towards broader infrastructure financing, enhancing its assets under management, which exceeded ₹4.75 lakh crore as of early 2026. 💼
By partnering with a consortium of major public sector firms, IRFC aims to deploy substantial capital while ensuring strong asset quality.
Not investment advice. For informational purposes only.