Domestic financial institution IFCI on Friday said the government has approved Rs 500 crore capital infusion in the company through the preferential issue of shares. The Department of Financial Services has conveyed sanction of the President of India to release funds of Rs 500 crore to IFCI Ltd towards subscription to the share capital during FY 2024-25, the state-owned entity said in a regulatory filing. Following this, the meeting of the board of directors of the company is called on January 29, 2025, to consider the Preferential Issue of equity shares to the central government, subject to the approval of shareholders, stock exchanges and such other regulatory authorities as may be required. With the infusion, the government's holding in the company is expected to further increase from the existing 71.72 per cent as of September 2024. The capital infusion plan for IFCI was approved through the passage of the first Supplementary Demand for Grants for 2024-25 in the Lok Sabha in ..

IFCI Ltd. is trading above all available SMAs

IFCI Ltd.

24 Jan 2025, 06:19PM

Board Meeting

IFCI LTD. - 500106 - Board Meeting Intimation for Preferential Issue Of Shares

BSE India

IFCI LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/01/2025 ,inter alia, to consider and approve Preferential issue of shares

pdf

IFCI Ltd.

21 Jan 2025

Board Meeting

IFCI LTD. - 500106 - Board Meeting Intimation for Consideration & Approval Of Financial Results

BSE India

IFCI LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/02/2025 ,inter alia, to consider and approve Financial Results for the quarter ended December 31, 2024

pdf

IFCI Ltd.

13 Jan 2025

Company Update

IFCI LTD. - 500106 - Change In Address Of R&STA

BSE India

Change in address of R&STA

pdf

Is IFCI Ltd. worth buying?

753 Votes:

Buy 77.69%

Sell 10.09%

Hold 12.22%