IFCI board approves preferential issue of Rs100 crore to promoters

28 Sep 2022 , 09:50 AM

The Board of directors of IFCI Limited at its Meeting held on September 27, 2022, has approved the Preferential Issue of Equity Share Capital for the FY 2022-23.

As per the filing, the board approved the preferential issue aggregating upto Rs100 crore (Rupees One Hundred Crore Only) to the Promoters i.e., Govt. of India, subject to the approval of the Shareholders, Stock Exchanges and such other Regulatory Authorities as may be applicable.

On Wednesday, at around 9:50 AM, IFCI Ltd is currently trading at Rs9.79 per share up by Rs0.03 or 0.31% from its previous closing of Rs9.76 per share on the BSE.

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