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IFCI surges on receiving Rs 491.84 crore for Binani Cement resolution

27 Nov 2018 Evaluate

IFCI is currently trading at Rs. 14.39, up by 0.68 points or 4.96% from its previous closing of Rs. 13.71 on the BSE.

The scrip opened at Rs. 14.40 and has touched a high and low of Rs. 14.60 and Rs. 14.20 respectively. So far 764652 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.55 on 15-Jan-2018 and a 52 week low of Rs. 11.50 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 14.60 and Rs. 13.47 respectively. The current market cap of the company is Rs. 2442.23 crore.

The promoters holding in the company stood at 56.42%, while Institutions and Non-Institutions held 18.92% and 24.66% respectively.

IFCI has received an amount of Rs 491.84 crore, net of TDS of Rs 30.55 crore, on account of resolution of Binani Cement under the IBC mechanism. The amount is towards the Security Receipts held by IFCI in Binani Cements.

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

61.22 0.54 (0.89%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
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