Indian Railway Finance Corporation falls on $41.3 million tax notice

Indian Railway Finance

01/10/2026 08:18

** Shares of Indian Railway Finance Corporation INID.NS  fall 2.2% to 77.51 rupees
** Co says it received tax notice of 3.97 billion rupees ($41.32 million) from Joint Commissioner of State Tax, Hajipur
** Adds issues raised are generic in nature and co is in process of filing a detailed reply with adjudicating authority
** Stock down 37.8% YTD 


($1 = 96.0700 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))