IFCI has informed that the Board at its Meeting held on April 20, 2020 has approved the preferential Issue of Equity Shares aggregating to Rs 200 crore to the Promoter, Govt. of India, subject to the approval of the Shareholders; and approved convening of the Extra-Ordinary General Meeting of the Shareholders of the Company on Wednesday, May 20, 2020, through VC/OAVM to consider and approve the issue of equity shares by way of preferential Allotment to Govt. of India.
The above information is a part of company’s filings submitted to BSE.
