Government to divest up to 4% stake in IRFC [Finance]
AI Summary1 min read
TL;DR
The Indian government plans to sell up to a 4% stake in IRFC, a key railway financing entity. IRFC's main activities include leasing rolling stock and infrastructure, and providing loans to related railway sector entities.
Tags
Finance Term LendingFinanceIRFCgovernment divestmentrailway financingrolling stockinfrastructure leasing
IRFC core business operations encompass the leasing of rolling stock and railway infrastructure assets, in addition to lending to entities having forward and backward linkages. Its primary business is financing the acquisition of rolling stock assets, which includes both powered and unpowered vehicles, for example locomotives, coaches, wagons, trucks, flats, electric multiple units, containers, cranes, trollies of all kinds and other items of rolling stock components as enumerated in the Standard Lease Agreement (collectively, “Rolling Stock Assets), leasing of railway infrastructure assets and national projects of the Government of India (collectively, Project Assets) and lending to other entities under the Ministry of Railways, Government of India.