IFCI Limited — QIP/Rights/Pref., 28-02-2025: Allotment of Securities

The Committee of Directors has allotted 8,07,23,280 equity shares to the Government of India at an issue price of ₹61.94 each, raising approximately ₹500 Cr. This preferential allotment increases the Government's shareholding from 71.72% to 72.57% of the total paid-up capital. The funds raised are likely aimed at strengthening the company's capital base.