IRFC hopes to raise Rs 1,000 crore from Capital Gains bonds

Aims at listing by financial year-end or Q1 of FY19

Indian Railway Finance Corporation (IRFC), the financing arm of the Indian Railways, aims to mop up Rs 1,000 crore from its recent issue of capital gains bonds.
 
“IRFC has opened the issue on November 10. We are targeting to raise Rs 500 crore with a green shoe option in case of oversubscription. We are very optimistic of tapping Rs 1000 crore from the capital gains bonds’’, said S K Pattanayak, managing director, IRFC.
 
IRFC is the fourth entity to be authorised by the Ministry of finance to issue such bonds. Previously, Rural Electrification Corporation Ltd (REC) and National