IFCI Ltd. News and Updates

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

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09 Nov 2022

IFCI posts Rs 209 cr Q2 profit, interest income declines to Rs 110 cr

Business Standard

Term lender IFCI on Wednesday reported a consolidated net profit of Rs 209 crore for September quarter 2022-23. The company had incurred a net loss of Rs 445 crore in the same quarter a year ago. Total income increased to Rs 425 crore in July-September 2022-23 from Rs 373 crore in the same quarter of previous financial year, IFCI said in a regulatory filing. Interest income decline to Rs 110 crore during the quarter from Rs 142 crore a year ago. On standalone basis, IFCI earned a profit of Rs 110 crore during the quarter as compared to Rs 526 crore earlier. Total income of the company rose to Rs 126 crore from Rs 106 crore. The company received Rs 100 crore on September 17, 2022 from the Centre towards subscription to the share capital as share application money, it said.

IFCI Ltd. is trading below its 30 day SMA of 64.2

IFCI Ltd.

03 Nov 2022

India considers capital infusion, merger of loss-making lender IFCI

Business Standard

IFCI has reported annual losses for at least four straight years to March 31, 2022 and has lost more than 17% of market capitalization in the past year

IFCI Ltd. has gained 52.35% in the last 3 Months

Government planning to infuse Rs 2,000 crore in IFCI

Moneycontrol | 02 Nov 2022

IFCI Ltd.

28 Oct 2022

IFCI raises Rs 100 crore via preferential allotment of shares to govt

Business Standard

Long-term infrastructure financier IFCI Ltd on Thursday raised Rs 100 crore through preferential allotment of shares to the government. The Committee of Directors at its meeting held on October 27 has allotted 9,29,36,802 number of equity shares at a price of 10.76 each including a premium of Rs 0.76 each share to the Government of India, IFCI said in a regulatory filing. Following the allotment of equity shares to the Government of India on preferential basis, the shareholding of the government has increased from 64.86 per cent to 66.35 per cent of the total paid-up share capital of the company, it said. Earlier in the day, shareholders of the company approved the proposal to issue the preferential issue of equity shares to the government as a promoter.

IFCI Ltd. has gained 52.35% in the last 3 Months

IFCI Ltd.

27 Sep 2022

IFCI Board approves up to 100-crore preferential issue to Central government

Business Line

EGM convened on October 27 for shareholders' approval

IFCI Ltd. has gained 52.35% in the last 3 Months

IFCI Ltd.

02 May 2022

Mehul Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBI

Moneycontrol

The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Mehul Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.

IFCI Ltd. is trading above its 200 day SMA of 55.4

IFCI Ltd.

24 Feb 2022

IFCI approves allotment of preferential shares to govt to raise Rs 100 cr

Business Standard

The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing

IFCI Ltd. is trading below its 30 day SMA of 64.2

IFCI Ltd.

15 Feb 2022

IFCI Consolidated December 2021 Net Sales at Rs 273.98 crore, down 55.14% Y-o-Y

Moneycontrol

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IFCI Ltd. has gained 52.35% in the last 3 Months

IFCI Ltd.

12 Feb 2022

IFCI's consolidated net loss narrows to Rs 684.8 cr in Dec quarter

Business Standard

Infrastructure term lender IFCI Ltd reported narrowing of its consolidated net loss to Rs 684.82 crore for the December 2021 quarter.

IFCI Ltd. is trading above its 200 day SMA of 55.4

IFCI Ltd.

18 Dec 2021

IFCI gets shareholders' approval to raise up to 1,000 cr via bonds

Business Line

The fundraise through private placement was passed with requisite majority as over 99 per cent of the votes were cast in favour of the resolution

IFCI Ltd. has gained 52.35% in the last 3 Months

IFCI gets shareholders' approval to raise up to Rs 1,000 cr via bonds

Business Standard | 18 Dec 2021

IFCI Ltd.

07 Dec 2021, 10:21AM

IFCI rallies 9%, nears 52-week high; stock has surged 39% in one week

Business Standard

IFCI's ratings outlook will change to stable if the company's strategic importance to the GoI increases significantly along with the infusion of sizeable capital, ICRA said in its report

IFCI Ltd. has gained 52.35% in the last 3 Months

Is IFCI Ltd. worth buying?

754 Votes:

Buy 77.59%

Sell 10.08%

Hold 12.33%

32.63% Fall from 52W High

IFCI Ltd. News and Updates

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