IFCI pays final dividend of Rs 46.15 crore to GoI for FY2014-15

IFCI has paid final dividend of Rs 46.15 crore for FY 2014-15 to the Government of India (GoI). The company handed over a cheque of Rs 46.15 crore to the Union Finance Minister Arun Jaitley. This final dividend is of Rs. 0.50 per equity share of Rs 10 each for the financial year 2014-15.

The above is in addition to the interim dividend of Re 1 per equity share of Rs 10 each for the financial year 2014-15 paid in February 2015. The Government of India holds majority stake of 55.53% in equity capital of IFCI.

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.