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GOVERNMENT APPROVAL FOR IFCI
IFCI seeks government nod for consolidation of group companiesIFCI has requested government approval for consolidating its group entities, including its broking business, aiming to remain a Non-Banking...- IFCI merger: Transaction advisor gives recommendations to govt for PSU NBFC's 2-stage consolidationIFCI shares surged 9% after its advisor proposed a two-phase consolidation plan to the Government of India. Phase 1 includes merging four s...
- Govt appoints Rahul Bhave as MD of IFCIRahul Bhave has been appointed as the Managing Director and CEO of IFCI for a three-year term. The government has also approved the consoli...
- IFCI board approves Rs 500 cr fund infusion via preferential issue of sharesIFCI on Wednesday said its board has approved Rs 500 crore capital infusion in the company through the preferential issue of shares to the ...
- Govt to infuse Rs 500 cr in IFCI to improve its financial healthThe Indian government is injecting Rs 500 crore into IFCI to bolster its financial standing before a planned restructuring and consolidatio...
- Govt-backed IFCI slips to high-yield grade, raises investor concernThis is one of the few rare occasions when a government-owned entity slipped from the investment-grade category. Air India, HMT had set sim...
- Govt to infuse Rs 100 cr in IFCI this month"The proposal for equity infusion has just been cleared by Extraordinary General Meeting held yesterday and we hope to get the fund infusio...
- Government to raise stake in IFCI to 51% by infusing Rs 60 croreThe cabinet, chaired by PM Modi, has approved a plan to increase shareholding in IFCI by way of acquisition of preference shares from exist...
- Cabinet clears hiking stake in IFCI to 51 per cent by infusing Rs 60 croreFinance Ministry had sought Cabinet approval to hike its stake in the IFCI to 51 per cent by pumping in Rs 60 crore, & make it a 'governmen...
- Government to hike IFCI stake to 51 per cent, infuse Rs 60 croreFinance Ministry would seek Cabinet approval to hike its stake in the IFCI to 51 per cent by pumping in Rs 60 crore, and make it a "governm...
- IFCI to rejoin CDR cell as revamp plan faltersForeign institutional investors reduced their holding in IFCI to 4.26% in the June quarter from 12.22% in year-ago quarter.
- PE firm Blackstone may buy LIC stake in SHCILBlackstone is invested in cos such as Moser Baer Energy, NSL Seeds, Monnet, CMS Computers, etc. Its investments through the PE route stands...
- IFCI Q2 net profit down by 34 pc at Rs 131 crFinancial institution IFCI's net profit declined by 34 per cent to Rs 131.01 crore for second quarter ended September 30.
- Govt stake in IFCI at 55.5% on conversion of bonds into equityGovernment stake in Industrial Finance Corporation of India (IFCI) has increased to 55.5 per cent after the company allotted 40 crore share...
- IFCI board approves conversion of Rs 923 crore bonds into equityIFCI today said its board has decided to proceed with the conversion of Government of India bonds worth Rs 923 crore into equity.
- IFCI dips 19%; Sebi exempts open offer as govt hikes stakeIFCI today fell about 19% after Sebi approved a proposed hike of the govt stake in the firm to 55.57%, without triggering an open offer.
- IFCI's decisions on loan, second term to CEO Atul Kumar Rai cause rift with government, hits fund-raising planTension has been building up between the IFCI management and the govt since last year when the financial institution proposed to set off a ...
- IFCI slips over 14% after govt raises stake to 55.57%IFCI dropped over 14% after govt approved conversion of Rs 923 cr of debentures held by it in IFCI into equity, which also raised govt’s st...
- Government stake in IFCI goes up to 55.57%The government approved conversion of Rs 923 cr of debentures held by it in IFCI into equity, following which its stake in the financial in...
- Finance Ministry rejects IFCI's plan to set off Rs 523-cr loan against duesThe ministry said the plan to set off the loan against outstanding dues of Hindustan Cable Ltd is illegal and in violation of its direction.
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