Govt raises stake in state-owned IFCI to 51%

ifci

ifciThe government has increased its stake in the infrastructure financing firm ICFI Ltd to 51.04 per cent.

Government has acquired IFCI’s 6,00,00,000 Preference shares of Rs 10 each from certain scheduled commercial banks..

IFCI has become a ‘Government Company’ as per the provisions of Section 2(45) of the Companies Act, 2013, with effect from April 7, 2015.

mouse

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the NBFCs and Insurance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.