Govt to infuse Rs 500 crore in IFCI to improve its financial health
The Indian government is injecting Rs 500 crore into IFCI, boosting its stake beyond the current 71.72%. This capital infusion, approved by Lok Sabha, follows a similar investment earlier this year and aims to strengthen IFCI's financial standing before a major restructuring. The plan involves merging IFCI with StockHolding Corporation of India and other subsidiaries to consolidate the group.
The Indian government is injecting Rs 500 crore into IFCI, boosting its stake beyond the current 71.72%. This capital infusion, approved by Lok Sabha, follows a similar investment earlier this year and aims to strengthen IFCI's financial standing before a major restructuring. The plan involves merging IFCI with StockHolding Corporation of India and other subsidiaries to consolidate the group.
