IFCI gets shareholders' nod to raise up to Rs 1,000 crore through various securities
20th Dec 2021

IFCI has received shareholders' approval to raise up to Rs 1,000 crore in tranches by issuing various securities. The company sought authorisation from the shareholders for making offer to subscribe to securities/raise funds through private placement in one or more tranches up to an amount of Rs 1,000 crore, during a period of one year from the date of passing of the special resolution. The fund raise through private placement was passed with requisite majority as over 99 per cent of the votes were cast in favour of the resolution.

IFCI provides financial support for the diversified growth of Industries across the spectrum. The financing activities cover various kinds of projects such as airports, roads, telecom, power, real estate, manufacturing, services sector and such other allied industries.