Change of Directors
IFCI Ltd has informed BSE that Shri Malay Mukherjee, Chief Executive Officer & Managing Director and Shri Achal Kumar Gupta, Deputy Managing Director have ceased to be on the Board of the Company, pursuant to the completion of their tenure on December 11, 2016.Further, based on the order received from Ministry of Finance assigning additional charge to Shri Sanjeev Kaushik (IAS-KL 92) as Deputy Managing Director of IFCI Limited, Board of IFCI... Clarification sought from IFCI Ltd
The Exchange has sought clarification from IFCI Ltd on December 12, 2016, with reference to increase in Volume.The reply is awaited. IFCI turns headless as MD, DMD finish stints
The company is reeling under a huge pool of non-performing assets, which constitute 22% of all loans Updates on Disinvestment of IFCI's Stake in Assets Care & Reconstruction Enterprise Limited (ACRE Limited)
With reference to earlier intimation dated January 04, 2016, IFCI Ltd has now informed BSE further to intimate that 73,28,328 shares of ACRE Ltd have been transferred by IFCI Limited to Axis Bank Limited, a non-existing shareholder of the Company. Disinvestment of IFCI's Stake in IFCI
With reference to earlier intimation dated January 04, 2016, IFCI Ltd has now informed BSE further to intimate that 73,28,328 shares of ACRE Ltd have been transferred by IFCI Limited to Axis Bank Limited, a non-existing shareholder of the Company. Axis Bank Buys 13.6 Per Cent Stake Of IFCI Stake In ACRE For Rs 23 Crore
The share sale was at Rs 31 per share, resulting in a total cash consideration of Rs 22.72 crore. Updates on Disclosure as per Regulation 52(4) & 52(5)
IFCI Ltd has submitted to BSE a copy of Disclosure as per Regulation 52(4) & 52(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Former Icra chairman Pranab Kumar Choudhary dies at 68
It was during his days at IFCI, that he was asked to set up the rating agency, with a seed capital of Rs 3.5 crore Disclosure as per Regulation 52(4) & 52(5)
IFCI Ltd has submitted to BSE a copy of Disclosure as per Regulation 52(4) & 52(5) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Announces Q2 Results (Standalone) & Limited Review Report (Standalone) for the Quarter ended September 30, 2016
IFCI Ltd has announced the Unaudited Standalone results for the quarter ended September 30, 2016 The Company has posted a net profit of Rs.148.60 million for the quarter ended September 30, 2016 as compared to Rs. 1826.10 million for the quarter ended September 30, 2015. Total Income has decreased from Rs. 11219.20 million for the quarter ended September 30, 2015 to Rs. 8093.40 million for the quarter ended September 30, 2016.