IFCI has informed about revision in its Benchmark Rates. IFCI Benchmark Rate (IBR) for Long Term Loans has been revised from 10.60% per annum to 10.75% per annum, with monthly rests. The IFCI Short-Term Benchmark Rate (IBR-ST) for Short Term Loans continues to remain unchanged at 9.20% per annum with monthly rests. The revision in the above mentioned Benchmark rates are effective with effect from January 9, 2019.
The above information is a part of company's filings submitted to BSE.