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IFCI NEWS
IFCI cheating case: Mumbai court says valuer abetted Mehul Choksi in giving inflated value of jewellery
August 18, 2024 10:05 pm
An FIR was registered by the CBI in 2022 against Gitanjali Gems, Choksi and others, allegedly for cheating Industrial Finance Corporation of India (IFCI), claiming that a loan of Rs 25 crore was taken from IFCI on pledging of valuables like gold and diamond jewellery.
IFCI mops up Rs 806 crore by selling stake in NSE so far
December 24, 2019 3:29 pm
Earlier this month, the long-term infrastructure lender had informed exchanges about disinvestment of IFCI's entire stake in the NSE comprising 1,20,66,871 shares, which is 2.44 per cent of the total equity shares of the NSE.
SBI, IFCI, United Bank look for buyers to clear off several NPA accounts
March 08, 2018 1:47 am
SBI has proposed to sell a total of 15 NPA accounts to recover Rs 988.95 crore.
Cabinet clears hiking stake in IFCI to 51% by infusing R60 cr
December 30, 2014 2:00 am
Also clears proposal to enable AAI to lease land to ICG, India Navy.
IFCI: No benefit in becoming a bank
July 04, 2014 1:35 am
IFCI will have to expand massively by over leveraging itself and sequester funds for priority sector lending if it were to get a bank license.
IFCI net surges 87%; to seek FinMin nod on R5,000 crore tax-free bonds
February 11, 2014 3:46 am
In December 2012, the financial institution became state-owned entity with government getting 55.53 per cent stake by conversion of optionally convertible bonds.
Billionaires now seeking license to open banks
June 30, 2013 11:10 am
Aditya Birla Group,Tata Capital,Religare and Reliance Capital are applying for bank licences.
Neesa Leisure files contempt plea against IFCI
March 07, 2013 3:30 am
A public notice by IFCI,published 10 days ago,cautioned people at large not to deal with properties that NLL had pledged for a loan of Rs 32 crore.
IFCI sells about 37 lakh shares of Core Education shares
February 27, 2013 10:19 pm
IFCI sold the shares through open market transaction on the National Stock Exchange and the BSE.
IFCI Q2 net profit down by 34 pc at Rs 131 cr
October 20, 2012 1:27 am
IFCI had profit after tax of Rs 198.26 crore in the same period last fiscal.
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