IFCI gets Rs 500 crore capital infusion from govt
![IFCI gets Rs 500 crore capital infusion from govt](https://cdn.zeebiz.com/sites/default/files/2024/04/22/289532-rupee.jpg?im=FitAndFill=(1200,900))
State-owned IFCI on Monday said it has received a capital infusion of Rs 500 crore through the issuance of equity shares to the government on a preferential basis.
Allotment of 12,39,77,188 shares to the Government of India was done on April 18, 2024, on a preferential basis, IFCI said in a regulatory filing.
Following the capital infusion, the government holding in the oldest financial institution IFCI has increased from 70.32 per cent to 71.72 per cent.
The government had infused Rs 100 crore in 2022 in long-term infrastructure financier IFCI Ltd.
The Industrial Finance Corporation of India was set up by the government on July 1, 1948, as the first Development Financial Institution in the country.
IFCI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-kisan-vikas-patra-monthly-income-scheme-recurring-deposit-public-provident-fund-national-savings-certificate-ssy-features-interest-rate-post-office-investment-schemes-for-general-and-senior-citizens-347531](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353527-your-paragraph-text-17.jpg?itok=AwJK0DKA)
Post Office Guaranteed Return Schemes: PPF, SCSS, NSC, and 5 other financial schemes that provide up to 8.2% interest rate
![https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-sip-mutual-fund-retirement-corpus-planning-calculator-how-many-years-it-will-take-to-reach-inr-rs-80000000-with-7000-11000-and-16000-monthly-investment-market-linked-return-346156](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/11/352047-poc-cover-2.jpg?itok=Fa26qSfi)
Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
![https://www.zeebiz.com/personal-finance/photo-gallery-7th-pay-commission-monthly-salary-calculator-is-your-basic-salary-inr-rs-24500-53000-81100-know-your-total-salary-8th-matrix-salary-scale-band-grade-dearness-allowance-travel-hra-house-rent-347484](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353484-7th-pay-commission-salary-calculator.jpg?itok=exBYKLyX)
Monthly Salary Calculations: Is your basic salary Rs 24,500, Rs 53,000, or Rs 81,100? Know how much total salary central government employees may get
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-regime-slabs-old-existing-proposed-revised-calculator-what-will-be-your-tax-on-annual-income-salary-of-inr-rs-800000-1400000-2000000-2600000-nirmala-sitharaman-budget-2025-346889](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352870-top7-hybrid-funds-in-10-years-1.jpg?itok=UqwoA5Li)
Income Tax Calculations: What will be your tax liability if your salary is Rs 8 lakh, Rs 14 lakh, Rs 20 lakh, and Rs 26 lakh?
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-large-and-mid-cap-sip-mutual-funds-with-best-cagr-return-by-one-time-investment-5-years-calculator-rs-15-lakh-investment-in-no-1-scheme-is-worth-446-lakh-nifty-bse-hdfc-uti-icici-quant-motilal-347423](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353453-top-7-large-and-mid-cap-mutual-funds-in-5-years.jpg?itok=HVXazooH)
Top 7 Large and Mid Cap Mutual With Best Returns in 5 Years: Rs 1.5 lakh one-time investment in No. 1 scheme has sprung to Rs 4.46 lakh
![https://www.zeebiz.com/personal-finance/photo-gallery-employees-pension-calculation-what-will-be-your-monthly-pension-with-rs-35000-salary-25-years-of-service-age-33-retirement-corpus-epf-eligibility-benefits-income-formula-347502](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353507-eps-1.jpg?itok=QiOr5Wja)
EPS Pension Calculation: Estimate your monthly pension with Rs 35,000 salary, 25 years of service & age 33
![https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-mutual-fund-lump-sip-one-time-investment-planning-calculator-calculations-how-inr-rs-1000000-deposit-can-create-rs-30000000-fund-in-30-years-power-of-compounding-347205](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353193-salary-da-calculator.jpg?itok=-EhQme5U)
Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus
11:10 PM IST