IFCI Limited — Board Meeting, 22-11-2024: Outcome of Board Meeting

The Board of IFCI has announced key decisions regarding the consolidation of the IFCI Group. The board has granted In-principle approval for the merger of IFCI Limited with StockHolding Corporation of India Limited and other associated companies. This includes consolidating various financial subsidiaries into a single entity, streamlining operations, and reinforcing strategic alignment. The consolidation aims to enhance operational efficiency and strengthen the group’s market position. Further actions will be undertaken in compliance with applicable laws and regulations as advised by the Department of Financial Services.