IFCI has informed that the committee of directors (constituted for the purpose of issue and allotment of equity shares on conversion of Rs. 523 crores Optionally Convertible Debentures held by the Government of India), at the meeting held at on December 20, 2012 has allotted 52,30,00,000 equity shares of the company at par i.e Rs. 10 each to the Government of India.
The above information is a part of company’s filings submitted to BSE.