IFCI Limited board approves preferential issue to Government of India

The Board of directors of IFCI Limited at its Meeting held on March 23, 2021 has approved the Preferential Issue of Equity Shares aggregating upto Rs. 200 crore to the Promoters i.e. Govt. of India, subject to the approval of the Shareholders.

The board also approved proposal for convening of the Extra-Ordinary General Meeting of the Shareholders of the Company on Thursday, April 22, 2021, through Video Conference /Other Audio Visual Means to consider and approve the issue of equity shares by way of preferential Allotment to Govt. of India.

Shares of IFCI LTD. was last trading in BSE at Rs.13.33 as compared to the previous close of Rs. 13.57. The total number of shares traded during the day was 2221752 in over 39643 trades.

The stock hit an intraday high of Rs. 14.22 and intraday low of 13.23. The net turnover during the day was Rs. 30507991.

Source : Equity Bulls

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