IRFC shares rally to hit record high, trade above IPO issue price.

IRFC shares rally to hit record high, trade above IPO issue price.

Indian Railway Finance Corporation Ltd (IRFC) shares rallied more than 8% to hit a record high of ₹28.7

Apiece on the BSE in Monday's afternoon deals, with the stock trading above its initial public offering (IPO) issue price of ₹26.

The board of the company also approved an interim dividend of 8 per cent of face value of ₹10 each, that is ₹0.80 per share for 2022-23.

The cumulative funding to the Indian railway sector by IRFC crossed ₹5.05 lakh crore mark by the end of the Q2 FY23.