IFCI gets shareholders’ approval to raise up to Rs 1,000 cr via bonds

New Delhi: Infrastructure time period lender IFCI Ltd on Friday stated it has acquired shareholders’ approval to lift as much as Rs 1,000 crore in tranches by issuing numerous securities. The corporate sought authorisation from the shareholders for making supply to subscribe to securities/elevate funds via non-public placement in a number of tranches as much as an quantity of Rs 1,000 crore, throughout a interval of 1 yr from the date of passing of the particular decision, it stated.
The fundraise via non-public placement was handed with requisite majority as over 99 per cent of the votes had been solid in favour of the decision, IFCI stated.