Ifci Government Company

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Government of India has paved the way for IFCI Ltd., the country's oldest Financial Institution, to become a Government Company with effect from ih April, 2015 by acquiring 6 Crore Preference ...Author: Ritika Dange…

IFCI, previously Industrial Finance Corporation of India, is a Non-Banking Finance Company in the public sector. Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE.IFCI has seven subsidiaries and one associate. It provides financial support for the diversified growth of Industries across the spectrum.…

IndiaCSR News Network . NEW DELHI: Government of India has paved the way for IFCI Ltd., the country’s oldest Financial Institution, to become a Government Company with effect from 7th April, 2015 by acquiring 6 Crore Preference Shares of Rs. 10 each of IFCI from certain Public Sector Banks.…

IFCI shall consider proposals of Loan Against Shares (LAS) up to Rs. 50 crore in respect of companies with external rating of A and above and whose equity shares are listed on BSE and/or NSE.…

2 days ago · Government of India's holding in the non-banking finance company, which stood at 56.42 percent at the end of December 2019, would increase after ……

2 days ago · Government to infuse Rs 200 crore in IFCI next fiscal Government of India holding in the non-banking finance company, which stood at 56.42 per cent at the end of December 2019, would increase after the capital infusion.…

Jun 07, 2017 · Government may look at merger of IIFCL, IFCI "The government is committed to have a few largescale financial institutions, which are more efficient," an ……

There was no change in the ownership of the Government of India in your Company during the FY 2014–15 and it continued to hold 55.53% equity stake in IFCI as on March 31, 2015.…

Background. IFCI Ltd. was set up in 1948 as Industrial Finance Corporation of India, a Statutory Corporation, through `The Industrial Finance Corporation of India Act, 1948’ of Parliament to provide medium and long term finance to industry. After repeal of this Act in 1993, IFCI became a Public Limited Company registered under the Companies Act, 1956.…

In April, 2015, Government of India has acquired six crore Preference Shares of IFCI Ltd. of Rs.10/- each from six public sector banks.With this, the shareholding of the Government of India in ...…