IFCI Ltd News
Capital gains tax, valuation woes: No stopping the mid, smallcap bulls
From the July 23 Budget 2024-day low, the midcap and the smallcap indices on the BSE have seen a surge of over 6 per cent and 7 per cent respectively
 "Capital gains tax, valuation woes: No stopping the mid, smallcap bulls")
IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit
IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.
 "IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit")
Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
 "Nifty Microcap 250 surges 29% in 2024, outruns mid, smallcap indices")
IFCI gets Rs 500 cr capital infusion from govt via issuance of equity
State-owned IFCI on Monday said it has received a capital infusion of Rs 500 crore through the issuance of equity shares to the government on a preferential basis. Allotment of 12,39,77,188 shares to the Government of India was done on April 18, 2024, on a preferential basis, IFCI said in a regulatory filing. Following the capital infusion, the government holding in the oldest financial institution IFCI has increased from 70.32 per cent to 71.72 per cent. The government had infused Rs 100 crore in 2022 in long-term infrastructure financier IFCI Ltd. The Industrial Finance Corporation of India was set up by the government on July 1, 1948, as the first Development Financial Institution in the country. IFCI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.
 "IFCI gets Rs 500 cr capital infusion from govt via issuance of equity")
