Monday January 5, 2015
The company had raised Rs 1,209.19 crore in October in the first round of the Rs 2,000 crore issue for the current financial year 2014-15. The NCDs are being offered in tenors of 5 years and 10 years. The issue will close on February 4.
Tuesday December 30, 2014
The Nifty opened flat on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net sellers of Indian equities on Monday as they have sold stocks worth Rs 204 crore in cash market. However domestic investors were ne...
Monday December 29, 2014
The government on Monday approved raising its stake in IFCI Ltd to 51 per cent by infusing Rs 60 crore in the country's oldest financial institution.
Thursday December 25, 2014
The proposed issue would open for subscription on January 1 and close on February 4, 2015.
Wednesday November 12, 2014
IFCI is planning to sell its stake in three companies including National Stock Exchange (NSE).
Tuesday November 11, 2014
IFCI on Tuesday reported a 24 per cent rise in net profit at Rs 173.79 crore for the second quarter ended September 2014, on account of a significant reduction in provisions.
Thursday October 30, 2014
The company has the option to retain the over-subscription up to the shelf limit of Rs 2,000 crore.
Monday October 20, 2014
The NCDs will be offered for three different tenures of 5 years, 7 years and 10 years with varying coupon rates ranging from 9.4 per cent to 9.10 per cent.
Friday October 17, 2014
Currently, the Governments stake in IFCI going by the paid-up capital, including both the equity capital and preference shares, is around 48 per cent which will go above 50 per cent with this exercise, he said.
Wednesday October 15, 2014
Financial institution IFCI Ltd has invoked one lakh shares in Bhushan Steel that were pledged by the debt-ridden company's promoter Neeraj Singal.
Thursday October 9, 2014
State-owned financial institution IFCI on Thursday said it has sold its 1.64 per cent stake in Welspun Syntex Ltd for about Rs 1.6 crore.
Tuesday September 23, 2014
IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India in the ongoing financial year (2014-15).
Wednesday August 13, 2014
State-owned term lender IFCI plans to raise Rs 2,000 crore from bonds during the current fiscal year (2014-15) to fund business expansion.
Tuesday August 12, 2014
After announcing results IFCI Managing Director Malay Mukherjee said the company intends to disinvest its entire stake in IFCI Financial Services Ltd (I-FIN) during the current fiscal.
Tuesday August 12, 2014
BPCL gained 2.4 per cent to Rs 588 as its first quarter profits were above Street estimates. The company reported a net profit of Rs 1,216 crore as against estimates of Rs 350 crore.
Tuesday July 1, 2014
IFCI Limited has acquired a 49 per cent equity stake in unlisted Rajasthan Consultancy Organisation Ltd (RAJCON) for an undisclosed amount.
Wednesday May 14, 2014
For today, buying & selling stocks (pair trade) in banks, IT and FMCG could make money.
Thursday May 1, 2014
IFCI has sought permission from the Finance Ministry to raise Rs 1,000 crore during this fiscal year (FY15) through tax-free bonds as part of mobilising low-cost fund.
Tuesday April 29, 2014
IFCI on Tuesday reported a 13.57 per cent jump in profit at Rs 170 crore for the fourth quarter that ended in March, 2014, on account of lower cost of funds.
Wednesday April 2, 2014
IDBI, a new generation government-owned bank, had reported a net profit of Rs 104 crore for the quarter ended December 31, 2013.
Friday March 7, 2014
About 25 players in the fray for bank licences. Public sector units India Post and IFCI and private players such as Anil Ambani group and Aditya Birla group are among the applicants.
Monday February 10, 2014
In December, 2012, the financial institution became state-owned entity with government getting 55.53 per cent stake by conversion of optionally convertible bonds.
Monday January 20, 2014
Reserve Bank of India (RBI) Deputy Governor Anand Sinha, who was looking after the new bank licence process has retired, even as procedure of granting licences to the private sector is yet to be completed.
Thursday December 12, 2013
IFCI Ltd has appointed Malay Mukherjee as its chief executive and managing director, the state-owned financial institution said in a statement on Thursday.