Fixes Book Closure for Dividend & AGM
IFCI Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 18, 2014 to August 28, 2014 (both days inclusive) for the purpose of Payment of Dividend & 21st Annual General Meeting (AGM) of the Company to be held on August 27, 2014. Shareholding Pattern For June 30, 2014
IFCI Ltd has informed BSE about the Shareholding Pattern as on June 30, 2014. Appointment of Director
IFCI Ltd has informed BSE that Shri S. N. Ananthasubramanian has been appointed as Director on the Board of the Company. Acquires 49% equity shareholding in RAJCON
IFCI Ltd has informed BSE that:"IFCI Limited (IFCI) has acquired 49% equity shareholding in Rajasthan Consultancy Organization Limited (RAJCON), an unlisted Company, from one of its Associate Companies viz. HARDICON Limited (HARDICON). As a result of the above said purchase of equity shares, IFCI's shareholding in RAJCON shall become 49% of the total paid-up equity capital and RAJCON shall become an Associate Company of IFCI as per section 2(6) of Companies Act, 2013." Credit Rating
IFCI Ltd has informed BSE that ICRA Limited, after review of performance of IFCI, has removed the rating watch with negative implications and has reaffirmed the ratings at [ICRA]A for long term bond programmes and long term bank lines and [ICRA]A1 for commercial paper programme of IFCI. The outlook for rating has been revised to Stable. Appointment of Director
IFCI Ltd has informed BSE that Prof. N. Balakrishnan has been appointed as Director on the Board of the Company. Updates
IFCI Ltd has informed BSE that the Company proposes to engage the services of consultant to advise and manage the process of:1. Partial Disinvestment of IFCI's stake in National Stock Exchange of India Limited (NSE)2. Disinvestment of IFCI's entire stake in IFCI Financial Services Limited.The Company has invited bids for the same. The Requests for Proposals (RFP) are available on the website of the Company. Change in Directorate
IFCI Ltd has informed BSE that Government of India has nominated Shri Alok Tandon, Joint Secretary, Ministry of Finance, Department of Financial Services on the Board of IFCI Ltd. in place of Shri Arvind Kumar, Joint Secretary. Shri Alok Tandon has joined the Board on June 10, 2014. Clarification
IFCI Ltd has informed BSE regarding Clarification on News Item captioned "IFCI may look to sale non-core assets - Non core asset of IFCI around 12,000 crs". Revision in IFCI Benchmark Rate - Press Release
IFCI Ltd has informed BSE that the Company has reduced its lending benchmark rate, "IFCI Benchmark Rate (IBR)" from 12.70% to 12.20% p.a. with monthly rests. This new IBR shall be applicable from May 02, 2014.