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

The Board has announced the approval for a preferential issue of equity shares aggregating up to 500 crore (Rupees Five Hundred Crore) to the Government of India, subject to shareholder and regulatory approvals. Approximately 8,07,23,280 equity shares will be issued, pending ratification at the upcoming Extra-Ordinary General Meeting scheduled for February 28, 2025. This strategic move is aimed at capital infusion for the financial year 2024-25, reinforcing the company's financial position and supporting future initiatives.