IFCI Limited — QIP/Rights/Pref., 29-01-2025: Preferential issue

The Board has approved a preferential issue of approximately 8,07,23,280 equity shares to the Government of India, targeting a capital infusion of up to ₹500 crore (cr) for FY 2024-25. This issuance is subject to shareholder approval at an Extra-Ordinary General Meeting scheduled for February 28, 2025. The equity shares will be issued at a price determined as per regulations. This move aims to bolster the company’s capital structure and support its growth initiatives.