Government infuses Rs 200 crore capital in IFCI
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Last Updated: Apr 27, 2021, 09:14 PM IST
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Synopsis
The infusion was done through preferential issue of equity shares, a Finance Ministry communication to the company said. The government had committed Rs 200 crore to IFCI in the Budget 2020-21.
PTI
In line with Budget announcement, the government has infused Rs 200 crore capital in state-owned
IFCI to improve its financial health. Following the capital infusion, the government holding in the financial institution has increased to 63.8 per cent from earlier 61.02 per cent.
The infusion was done through preferential issue of equity shares, a Finance Ministry communication to the company said.