IFCI Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

The Board has announced a preferential issue of equity shares amounting to up to 500 crore (Rupees Five Hundred Crore only) to the Government of India, subject to shareholder and regulatory approvals. Approximately 8,07,23,280 equity shares will be issued, pending the Extra-Ordinary General Meeting scheduled for February 28, 2025. This capital infusion is intended to support the company’s financial strategy and operations for FY 2024-25.