IFCI Ltd. News and Updates

Keep track of all breaking news on IFCI Ltd. from all sources in a single place.

IFCI Ltd.

21 Mar 2025

Government Appoints Rahul Bhave As Managing Director Of IFCI

NDTV Profit

The appointment has been approved by the Appointments Committee of the Cabinet, headed by the Prime Minister.

IFCI Ltd. has lost -33.02% in the last 6 Months

Government appoints Rahul Bhave as MD and CEO of Ifci for three years

Business Standard | 21 Mar 2025

IFCI Ltd.

29 Jan 2025

IFCI Board approves 500 cr preferential issue of equity to Govt

Business Line

Allotment of 8.07 crore shares to increase government stake from existing 71.72 percent

IFCI Ltd. has lost -33.02% in the last 6 Months

IFCI board okays Rs 500 cr fund infusion via preferential issue of shares

Business Standard | 29 Jan 2025

IFCI Ltd.

24 Jan 2025

Govt approves Rs 500 cr infusion in IFCI via issue of preferential shares

Business Standard

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. has lost -21.12% in the last 3 Months

IFCI Ltd.

22 Dec 2024

Government To Infuse Rs 500 Crore In IFCI To Improve Its Financial Health

NDTV Profit

With the infusion, the government of India's holding in the company is expected to further increase from existing 71.72% as on September 2024.

IFCI Ltd. has lost -33.02% in the last 6 Months

Govt to infuse Rs 500 cr capital in IFCI to improve financial health

Business Standard | 22 Dec 2024 1 more

IFCI Ltd.

26 Nov 2024

Govt to revamp infrastructure lender IFCI by shutting its lending ops

Business Standard

The government plans to infuse Rs 500 crore into IFCI this year

IFCI Ltd. is trading below all available SMAs

IFCI to cease lending, transition to infrastructure advisory role

Business Line | 26 Nov 2024

IFCI Ltd.

25 Nov 2024

IFCI soars 15% as board approves merger of IFCI group of companies

Business Standard

The move came after the company received of a communication from the Department of Financial Services (DFS), Ministry of Finance to consider 'consolidation of IFCI Group'

IFCI Ltd. has lost -21.12% in the last 3 Months

IFCI Ltd.

15 Nov 2024

IFCI Q2 Results 2024: Profit Falls by 12.73% Year-on-Year

livemint

IFCI declared its Q2 results on 15 Nov, 2024, reporting a revenue increase of 7.47% YoY, while profit decreased by 12.73% YoY, standing at 82.62 crore and revenue at 586.91 crore.

IFCI Ltd. has lost -21.12% in the last 3 Months

IFCI Ltd.

04 Nov 2024

FSIB recommends IFCI's current deputy MD Rahul Bhave for MD, CEO post

Business Standard

FSIB, the headhunter for directors of state-owned banks and financial institutions, on Monday recommended Rahul Bhave for the position of Managing Director (MD) and CEO of IFCI Ltd. Bhave is currently the Deputy Managing Director of IFCI. The Financial Services Institutions Bureau (FSIB) interviewed four candidates for the position of MD & CEO of IFCI, FSIB said in a statement. "Keeping in view their performance in the interface, overall experience and the extant parameters, the Bureau recommends Rahul Bhave for the position of MD and CEO in IFCI Ltd," it said. Besides, FSIB has recommended Palash Srivastava for the position of Deputy Managing Director in IIFCL. Srivastava is currently the Chief Executive Officer of IIFCL Projects Limited, a subsidiary of IIFCL. The final decision on both FSIB's recommendations would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. FSIB is headed by former secretary, Department of Personnel and Traini

IFCI Ltd. has lost -21.12% in the last 3 Months

IFCI Ltd.

27 Jul 2024

Manoj Mittal takes charge as Sidbi's CMD after appointment by Centre

Business Standard

Manoj Mittal has taken charge as Chairman and Managing Director of Small Industries Development Bank of India (SIDBI), following his appointment by the Centre. Prior to this, he was the managing director of Industrial Finance Corporation of India (IFCI). Mittal has over 33 years of experience in the financial services sector, including his previous tenures as MD and CEO of IFCI and Deputy Managing Director at SIDBI, an official statement said.