Govt to infuse ₹500 cr in IFCI for financial revival
Hindustan Times West UP|December 23, 2024
The funding will further increase govt holding in the firm from existing 71.72%
Press Trust of India

NEW DELHI: The government has decided to infuse ₹500 crore capital in state-owned IFCI to improve its financial health ahead of the company's proposed restructuring and consolidation into a group.

With the infusion, the government of India's holding in the company is expected to further increase from existing 71.72% as on September 2024.

The capital infusion plan for IFCI was approved through the passage of the first Supplementary Demand for Grants for 2024-25 in Lok Sabha last week.

The Supplementary Demand for Grants for 2024-25 made an allocation for an additional amount of ₹499.99 crore for 'Subscription to the Share Capital of Industrial Finance Corporation of India (IFCI).

هذه القصة مأخوذة من طبعة December 23, 2024 من Hindustan Times West UP.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 23, 2024 من Hindustan Times West UP.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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