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IFCI: Govt’s fund infusion bodes well

| Updated on March 08, 2018 Published on March 08, 2018

Shares of IFCI will remain in focus, as the Centre will pump in ₹100 crore through preference shares. The funds will be used to shore up IFCI’s capital and enhance operations. Following the infusion, the Centre’s holding in IFCI will increase from 55 per cent to about 56 per cent. Shareholders have approved the infusion and the institution is expected to receive the funds soon. Investors will look for confirmation that how IFCI is deploying the funds gainfully.

Published on March 08, 2018
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