IFCI board approves preferential issue of Rs. 100 crore to Promoters

The Board of directors of IFCI Ltd at its Meeting held on September 27, 2022, has approved the Preferential Issue of Equity Share Capital for the FY 2022-23 aggregating upto Rs.100 crore (Rupees One Hundred Crore Only) to the Promoters i.e., Govt. of India, subject to the approval of the Shareholders, Stock Exchanges and such other Regulatory Authorities as may be applicable.

Source : Equity Bulls

Keywords

IFCI PreferentialIssue FY2023 FundRaising GovernmentofIndia Promoters