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IFCI News

27 Nov 2018

IFCI gets Rs 492 cr for Binani Cement resolution under IBC

On November 14, Aditya Birla Group firm UltraTech Cement won bid to acquire debt-ridden Binani Cement.

08 Mar 2018

SBI, IFCI, United Bank scout for buyers to clear off Rs 16,349 crore dud accou

SBI has asked the bidders to submit expression of interest by March 9, 2018 and further to complete the due diligence by March 22.

27 Jun 2017

Heads of Exim Bank, IFCI, 2 others to be appointed by mid-July

The government is likely to appoint heads of four public sector financial institutions -- Exim Bank, IFCI, Sidbi and IIFCL -- by the middle of next month.

Finance Ministry

23 Feb 2017

Finance Ministry seeks applications for post of MDs at IIFCL, IFCI

The Finance Ministry has invited applications of eligible candidates for the post of Managing Directors at India Infrastructure Finance Company Ltd (IIFCL), and IFCI.

16 Jan 2015

Govt gives Rs 200 crore to IFCI to fund SC entrepreneurs

The assistance under the fund would be between Rs 50 lakh and Rs 15 crore through equity and equity linked debt instruments.

29 Dec 2014

Cabinet clears hiking stake in IFCI to 51% by infusing Rs 60 cr

The government on Monday approved raising its stake in IFCI Ltd to 51 percent by infusing Rs 60 crore in the country's oldest financial institution.

government stake

31 Aug 2014

Govt to hike IFCI stake to 51%, infuse Rs 60 crore

Finance Ministry would seek Cabinet approval to hike its stake in the IFCI to 51 percent by pumping in Rs 60 crore, and make it a "government company", sources said.

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