IFCI Ltd. News and Updates

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21 Jan 2018

BusinessLine twenty years ago today: IDBI, IFCI hike lending rates

Business Line

Both the Industrial Development Bank of India (IDBI) and the Industrial Finance Corporation of India (IFCI) today announced an increase in their lending rates by 100 basis points following the hike...

IFCI Ltd. is trading below its 30 day SMA of 63.0

IFCI Ltd.

12 Jan 2018

Deals Buzz: NCLT adjourns insolvency case against Reliance Naval by IFCI to 18 January

livemint

In other news, Venture debt firm InnoVen Capital India has closed 2017 with over Rs477 crore ($75 million) in deployment through the year, sticking to script

IFCI Ltd. has gained 45.74% in the last 3 Months

NCLT adjourns insolvency case against Reliance Naval by IFCI to Jan 18

Business Standard | 12 Jan 2018

IFCI Ltd.

09 Jan 2018

IFCI sells 0.20% stake in NSE for Rs92.51 crore

livemint

IFCI has made partial disinvestment to the extent of 10,00,000 number of equity shares of NSE at the rate of Rs925.10 per equity share

IFCI Ltd. has gained 45.74% in the last 3 Months

IFCI offloads 0.2% stake in NSE for Rs 92.51 cr

Business Line | 09 Jan 2018

IFCI Ltd.

20 Dec 2017

Loan exposure to Reliance Marine duly secured: IFCI

Business Line

IFCI, a government company, on Wednesday said the loan it extended to Reliance Marine and Offshore Ltd (RMOL) was duly secured by a corporate guarantee of Reliance Naval and Engineering Ltd...

IFCI Ltd. is trading below its 30 day SMA of 63.0

IFCI Ltd.

19 Dec 2017

NCLT adjourns insolvency case against Reliance Naval by IFCI to Jan 11

Business Standard

The Ahmedabad bench of National Company Law Tribunal (NCLT) on Tuesday adjourned an insolvency case against Anil Ambani-led Reliance Naval and Engineering Ltd. to January 11, 2018.Reliance Marine & Offshore Ltd., a subsidiary of Reliance Naval and Engineering Ltd. and its guarantor, failed to serve a Rs 60 crore loan extended by IFCI, following which the lender approached the NCLT against both in mid November.The two judge bench of NCLT adjourned the matter till January 11 2018 after the Reliance Naval and Engineering Ltd. counsel sought time for considering an appeal to the National Company Law Appellate Tribunal (NCLAT) in the interim.IFCI had filed separate petitions in mid-November in NCLT under section 7 of the Insolvency and Bankruptcy Code (IBC) 2016 against defaulter Reliance Marine and Offshore Ltd. and its guarantor Reliance Naval and Engineering Ltd. According to sources, IFCI seeks to in all recover dues worth over Rs 150 crore.In an official statement, Reliance Naval .