IFCI Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 05, 2018, inter alia, has approved the following:
1. Equity infusion by Government of India (Gol) through Preferential Issue.
2. Convening of the Extra-Ordinary General Meeting of the Shareholders on March 07, 2018 to consider and approve the issue of equity shares by way of preferential allotment to Gol.