Indian Railway Finance Corporation Files IPO Papers, Increases Issue Size

Indian Railway Finance Corporation (IRFC) has filed papers with markets regulator Sebi to float an initial public offering of over 178 crore shares. The public offering will consist of a fresh issue of 118 crore equity shares and an offer for sale of 59.4 crore equity shares by the Government of India, according to an addendum to the draft red herring prospectus (DRHP) filed with Sebi. IRPF has not specified the IPO size (in terms of...