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IFCI gains on acquiring 49% equity shareholding in RAJCON

02 Jul 2014 Evaluate

IFCI is currently trading at Rs. 42.35, up by 0.75 points or 1.80% from its previous closing of Rs. 41.60 on the BSE.

The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.55 and Rs. 42.00 respectively. So far 2,32,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 44.90 on 10-Jun-2014 and a 52 week low of Rs. 17.85 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 42.45 and Rs. 40.30 respectively. The current market cap of the company is Rs. 7,038.00 crore.

The promoters holding in the company stood at 55.53% while Institutions and Non-Institutions held 18.13% and 26.33% respectively.

IFCI has acquired 49% equity shareholding in Rajasthan Consultancy Organization (RAJCON), an unlisted company, from one of its associate companies - HARDICON. As a result of the above said purchase of equity shares, IFCI’s shareholding in RAJCON shall become 49% of the total paid-up equity capital and RAJCON shall become an associate company of IFCI.

IFCI was established with intent to provide long-term finance needs of the industrial sector. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.

IFCI Share Price

60.50 -0.72 (-1.18%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 472.85
REC 382.20
Indian Railway Fin. 103.00
NHIT 151.00
Satin Creditcare 169.85
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