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IFCI MERGER
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...
- Government to revamp infrastructure lender IFCI, sources sayIndia is restructuring IFCI Ltd, halting its lending operations due to capital limitations. The government-owned non-bank lender will trans...
- IFCI hits 20% upper circuit amid fund infusion reportsThe media reports suggest there is a plan to merge the company with its unit, Stock Holding Corporation of India, in order to rescue the st...
- Government mulls sale of IFCI non-core assets, MGMT changeIFCI’s net non-performing assets were Rs 5,127 crore, or 29.54%, at the end of March 2018, compared with Rs 5,882 crore, or 27%, a year ear...
- Government revisits old proposal to merge IIFCL and IFCI“In the past, there was a suggestion to merge these two institutions. Now that IIFCL is being revamped, this could be relooked at,” he said.
- Government may look at merger of IIFCL, IFCI"The government is committed to have a few largescale financial institutions, which are more efficient," an official said. IFCI had no know...
- IFCI may exit MCX by month end, likely to sell stake in open marketA merger will facilitate the launch of new products like options and indices’ trading as well as participation by banks, MFs and FIIs.
- 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...
- IDBI Bank, IFCI fight for Stock Holding Corp's controlState-run Stock Holding Corporation of India is at the centre of a battle between two state-run financial institutions trying to control it.
- Stock Holding Corporation of India to be merged with IDBI Bank; share-swap ratio yet to be fixedSHCIL will be merged with state-owned lender IDBI Bank, subject to approvals from regulators and other SHCIL stakeholders.
- Stock Holding Corporation to merge with IDBI BankStock Holding Corporation of India (SHCIL), one of the largest custodians of securities, is expected to merge with government owned IDBI Ba...
- Let banks decideCommercial sense alone must dictate bank mergers.
- Morgan Stanley off-loads Rs 1250 crore shares in Indian boursesAmidst the buzz of possible merger and sell off, the US' second-largest securities firm Morgan Stanley, on Wednesday, off loaded shares wor...
- IFCI may sell off financial services armFinancial institution IFCI plans to do away with its fully-owned subsidiary IFCI Financial Services (I-Fin) as part of its strategy to exit...
- IFCI extends VRS tenureIFCI has decided to extend the tenure of its voluntary retirement scheme (VRS) till April 10, as the scheme has failed to elicit the expect...
- Govt revives proposal to merge IFCI, IDBI & IIBIThe government seems to be reviving the old proposal of a mega merger between leading financial institutions. Minister of state for finance...
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