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IFCI surges over 12% as government recasts company board

Last Updated: Friday, January 04, 2013, 20:20

Shares of IFCI Ltd on Friday rose by over 12 percent after the government restructured the state-owned company's board by nominating two new directors.

Govt recasts IFCI board; nominates 2 directors

Last Updated: Friday, January 04, 2013, 13:55

The government on Friday restructured the board of IFCI Ltd by nominating two new directors in the wake of its raising stake in the domestic financial institution (DFI) to 55.57 percent.

Govt stake in IFCI at 55.5% on conversion of bonds into equity

Last Updated: Wednesday, October 17, 2012, 19:35

The committee of directors at the meeting held Wednesday has allotted 40 crore equity shares of the company at the face value of Rs 10 each to the government, IFCI said in a filing on the BSE.

SEBI approves govt's stake hike in IFCI to 55.57%

Last Updated: Tuesday, September 25, 2012, 20:55

Market regulator SEBI has approved a proposed hike of the government's stake in IFCI Ltd to 55.57 percent to make it a state-run company, without triggering an open offer for shares of public investors.

IFCI's move on 17 cr escrowed GTL shares illegal: Delhi HC

Last Updated: Thursday, September 01, 2011, 21:09

The Delhi High Court has held as "illegal" the move of financial institution IFCI Ltd to "forfeit" shares of GTL Infrastructure Ltd which were pledged as a security against a loan of Rs 250 crore.