The company aims to raise Rs 4,633.4 crore at the higher end of the price band.
State-owned
Indian Railway Finance Corporation (IRFC) has decided to open its
maiden public offer for subscription on January 18 and has set the price
band at Rs 25-26 per share.
The three-day public issue will close
on January 20. The company aims to raise Rs 4,633.4 crore at the higher
end of the price band.
The
initial public offering of up to 1,78,20,69,000 equity shares consists
of a fresh issue of 1,18,80,46,000 equity shares and an offer for sale
of 59,40,23,000 equity shares by the Government of India.
The
issue includes a reservation of equity shares worth Rs 50 lakh for
subscription by eligible employees. The issue will constitute up to
13.64 percent of the post issue paid-up equity share capital of the
company.
The dedicated market borrowing subsidiary of the Indian
Railways is going to utilise net fresh issue proceeds for augmenting
equity capital base to meet future capital requirements arising out of
growth in the business; and general corporate purposes.
The company will not receive any proceeds from the offer for sale and the same will be received by the Government of India.
Bids can be made for a minimum of 575 equity shares and in multiples of 575 shares thereafter.
The
primary business of IRFC is financing the acquisition of rolling stock
assets, which includes both powered and unpowered vehicles such as
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, leasing
of railway infrastructure assets and national projects of the Government
of India and lending to other entities under the Ministry of Railways,
Government of India (MoR).
IRFC is registered with the Reserve
Bank of India as an NBFC and is classified under the category of an
'Infrastructure Finance Company' of the Reserve Bank of India Act.
The
book running lead managers to the issue are DAM Capital Advisors, HSBC
Securities and Capital Markets (India), ICICI Securities and SBI Capital
Markets.
Is Pogba Lone Strike Enough to Send Solskjaer’s Men Three Points Clear at Top
Burnley vs Man United: The game
was heading for a draw when a Paul Pogba volley ended the stalemate
with the visitors surviving a late onslaught to hold onto their slim
lead.
Anthony Martial (left) and Paul Pogba (Screen Grab)
Manchester United fought hard for a 1-o win over Burnley
that sent them three points clear at the top of the Premier League
standings on Monday. The game was heading for a draw when a Paul Pogba
volley ended the stalemate with the visitors surviving a late onslaught
to hold onto their slim lead.
United
needed just a point to move ahead of their rivals and defending
champions Liverpool in the standings and for most part of the contest,
marred by VAR controversy, it seemed headed for a goalless finish with
both teams squandering chances.
A
foul on Edinson Cavani by Robbie Brady just outside the danger zone was
overruled after a long review with Luke Shaw instead being booked for a
foul on Johann Gudmundsson. Then United were harshly not awarded a goal
when Harry Maguire headed home a cross from Shaw for a foul on Erik
Pieters.
However, with 19 minutes left, Marcus Rashford picked out Pogba from
the right who then fired home the winner ahead of a crunch clash with
Liverpool this weekend. United manager Ole Gunnar Solskjaer later
revealed that emptions were running high in the dressing room during the
half-time thanks to the VAR controversy.
“You’ve
got to calm them down at half-time because emotions are running high
because they disagree with the things that happen out there,” Solskjaer
told Sky Sports. “So we have to take back control and we played really well in the second half and we held out at the end.”
Solskjaer
though refused to comment on the decisions that went against his team.
“I’ve not watched any of the decisions so I can’t really say. Might’ve
been a foul by Luke apparently so that’s probably the right decision,
definitely not a foul for Harry for his goal. If you can’t jump and head
it in like this, I don’t believe that’s anywhere near a foul. Delighted
with the response after a bit of a tough first half-hour,” he said.
State Congress president Lal
Thanhawla alleged that the ruling Mizo National Front (MNF) government
headed by chief minister Zoramthanga has "completely failed" in
financial management, which adversely affected the state's economy.
State Congress president Lal Thanhawla announced names of 19 candidates. (Representational
Aizawl, Jan 13:
Opposition Congress on Tuesday announced the list of candidates for the Aizawl Municipal Corporation (AMC) election in Mizoram.
State Congress president Lal Thanhawla announced names of 19 candidates, including six women at a function.
Lal Thanhawla also inducted 103 new members into Congress during the function.
He
alleged that the ruling Mizo National Front (MNF) government headed by
chief minister Zoramthanga has "completely failed" in financial
management, which adversely affected the state's economy.
Meanwhile, state election commissioner Laima Chozah said the poll panel is yet to notify the AMC polls.
There are 19 seats in AMC, of which six seats are reserved for women.
The term of the corporation ended on December 10 last year.
Earlier,
the state government has appointed the AMC commissioner K Laldingliana
as an administrator to exercise all power and function vested on the
municipal authorities till elections are held.
Aizawl
(Mizoram) [India], January 13 : With four new COVID-19 cases
reported in Mizoram, the total caseload in the state reached 4,303 on
Wednesday, informed the Department of Information and Public Relations
(DIPR), Mizoram. As per state government data, 4,200 people have been
discharged in the state after recovering from the infection. There are
94 active cases in the state, while the death toll due to the virus
stands at 9. The three new cases were confirmed through the TrueNat test, and one case reported by Rapid Antigen Test. The first phase of the COVID-19 vaccination drive is scheduled to start from January 16. The
two vaccines, Coaxin and Covishield developed by Indian companies will
be given free of cost to 3 crore people in the initial phase and the
entire cost will be borne by the centre. Union Health Secretary
Rajesh Bhushan said that the central government is having close
collaboration with states and union territories for vaccine roll-out.
Videos being widely shared across social media sites show the villagers using ropes, bamboos and vines to pull out the truck.
People on social media were moved by the efforts of the villagers.
In a unique rescue operation, hundreds of villagers in
Nagaland came together to pull out a truck of a gorge that was nearly
70-feet deep. A video of the unique feat is now being widely shared
online.
According to local reports, the truck carrying ginger was headed to
Dimapur when it suddenly lost control and fell into the gorge. But
villagers of the Kutsapo village in Phek district promptly responded to
the incident and managed to pull the truck back onto the road.
Videos being widely shared across social media sites show the
villagers using ropes, bamboos and vines to pull out the truck. They
even sang in unison to encourage one another as they worked.
Nagaland state legislator and BJP
national spokesperson Mmhonlumo Kikon took to Twitter to share the
video hailing “the spirit of unity” that made the operation successful.
The video has since been viewed over a million times.
In a village in Nagaland (not yet identified) the
entire community pulls up a truck which fell off the road with ropes
& the spirit of unity!
Another video shared by Abu Mehta, adviser to the Nagaland CM and
Secretary General Nationalist Democratic Progressive Party (NDPP), shows
the operation from a different angle. Commenting about the rich
cultural heritage of Naga society, Mehta added: “This video from
interior #Nagaland exemplifies & showcases the strong social bonds
that is so deep rooted in #Naga society.”
The IndomitableHumanSpirit ! A prayer to Almighty &it’s all team work.This video from interior #Nagaland exemplifies&showcases the strong social bonds that is so deep rooted in #Naga society. What a way to celebrate our rich cultural heritage!@mygovindia@PMOIndia@MyGovNagalandpic.twitter.com/y78breTf1I
Speaking with EastMojo, Kutsapo village council chairman
Zashevezo Rhakho said that men from the village who were “fit and not
sick” were called upon to help and “about a hundred of men positively
turned up for the rescue operation”. He added that it concluded quicker
than expected.
The chairman explained that assistance from the villagers was needed since the remote village had no heavy machinery.
“The truck fell few metres down the road at a turning point. We tied
ropes to the truck and build steps with bamboo to prevent the truck from
skidding down when we pull it. We cleared the areas where the tyres
will roll-up. That is how we managed to easily pull it off,” he told the
outlet.
The truck had eight passengers including the driver, but no one was severely injured, the report added.
Traditionally, stone pulling rituals to commemorate achievements are
pretty common in some tribes of the state. Many commenting on social
media drew parallels between the ritual and the technique used to pull
up the truck. However, many also criticised the poor condition of the
roads that caused such accidents.
(We should of course widen and fortify those roads so a larger truck
can help. But the power of a crowd can be to do great positive things
also!) https://t.co/u9h2lWLENB
@nitin_gadkari Pls
provide intense support with suitable infra for thia geographically
challenged region. Safety is unavoidable component of infrastructure.
The ban comes into force with immediate effect and will remain in force until further orders, said the government.
PUBLISHED ON JAN 13, 2021 10:21 AM IST
The Manipur government has imposed a “temporary ban on entry of
poultry and poultry products such as eggs, meat and live birds including
ducks, guinea fowls, turkey and quails” to the state in the wake of
growing cases of bird flu in the country.
The
Commissioner (Veterinary and animal husbandry) H Gyan Prakash of the
government of Manipur issued an order in this regard on January 11.
The
order stated that the ban has been imposed as a precautionary measure
through all the National Highways connecting the state and at the
airport in the interest of preventing escalation of the disease in
Manipur and other north eastern states.
The disease is said to be
highly contagious avian disease having zoonotic potential of causing
huge loss in terms of mortality and trade of poultry, according to the
order.
“The Deputy Commissioners, District Superintendents of
police and District Veterinary officers of the border districts shall
take all necessary steps to stop the movement of birds and eggs
mentioned above,” says the order.
“The
Director Veterinary & Animal Husbandry, Manipur shall take
immediate steps for active targeted surveillance against the disease,”
it added.
The ban comes into force with immediate effect and will remain in force until further orders, it further added.
Last
week, the Centre had asked the states that are still unaffected by the
bird flu to keep a vigil and to report any unusual mortality among birds
immediately.
It may be worth mentioning here that Manipur was once hit by avian influenza (Bird flu)in July 2007 and April 2015.
Bird
flu in domestic and wild birds has been reported in many countries
since it was first identified in Hong Kong in 1997, according to
reports.
Earlier, Telangana, Andhra Pradesh and Madhya Pradesh had successfully completed urban local bodies reform reforms.
These three states have been granted additional borrowing permission of ₹7,406 crores.
Manipur has become the fourth state in the country to successfully undertake 'Urban Local Bodies (ULB)' reform stipulated by the Department of Expenditure, the Ministry of Finance said on Thursday.
The state is now eligible to mobilise additional financial resources of ₹75 crore through open market borrowings. Permission for the same was issued by the Department of Expenditure on Tuesday.
The Embassy of Israel in India has appointed Joyshree Das Verma as
Honorary Consul in the region with jurisdiction over the States of
Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Meghalaya, Tripura
and Sikkim, an Embassy statement said.
As part of efforts to increase its presence and collaborations in
India’s Northeast, Israel has appointed an Honorary Consul in the region
who will be based in Assam.
