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IRFC shares, which dropped 5.44 per cent on Thursday, fell another 2.46 per cent per cent in Friday's trade to hit a low of Rs 31.21 apiece on BSE. With this, the scrip ahs fallen 16.48 per cent from a 52-wek high of Rs 37.37 hit on May 4.
IRFC said funds under the proposed borrowing programme (Rs 50,000 crore) will be raised for different maturities, through different instruments, depending upon the actual requirement and asset-liability position.