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IFCI raises Rs 100 crore through preferential allotment of shares to government

28 Oct 2022 Evaluate

IFCI has raised Rs 100 crore through preferential allotment of shares to the government. The Committee of Directors at its meeting held on October 27 has allotted 9,29,36,802 number of equity shares at a price of 10.76 each including a premium of Rs 0.76 each share to the Government of India. Following the allotment of equity shares to the Government of India on preferential basis, the shareholding of the government has increased from 64.86 per cent to 66.35 per cent of the total paid-up share capital of the company.

IFCI provides financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.

IFCI Share Price

60.15 -0.91 (-1.49%)
24-Apr-2026 09:41 View Price Chart
Peers
Company Name CMP
Power Finance Corp 468.90
REC 373.80
Indian Railway Fin. 104.01
NHIT 151.00
Satin Creditcare 169.15
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