The government has increased its stake in the infrastructure financing firm ICFI Ltdto 51.04 per cent.
Government has acquired IFCI’s 6,00,00,000 Preference shares of Rs 10 each from certain scheduled commercial banks..
IFCIhas become a ‘Government Company’ as per the provisions of Section 2(45) of the Companies Act, 2013, with effect from April 7, 2015.
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