IRFC shares rise 3% after ₹13,527 cr refinancing deal
after close1 source ↓written by the desknot a recommendation
- following
- 3%
- refinancing agreement
- ₹13,527-crore
Indian Railway Finance Corporation (IRFC) shares increased nearly 3% following a ₹13,527-crore refinancing agreement with L&T Metro Rail Hyderabad. This 20-year loan aims to refinance existing liabilities linked to the Hyderabad Metro project, enhancing IRFC's financial flexibility and supporting future metro expansions. The deal marks a significant move in urban transit financing in India.
Not investment advice. For informational purposes only.