IFCI to raise FII limit to 74% of equity capital

IFCI Ltd has announced that the Board of Directors of the Company has passed an enabling Resolution to increase the FII / FDI holding limit in the Company upto 74% of equity capital, subject to the approval of shareholders, RBI, SEBI and all other Government / regulatory approvals, if applicable.

The stock closed the day at Rs.48.55, up by Rs.1.90 or 4.07%. The stock hit an intraday high of Rs.50 and low of Rs.44.60. The total traded quantity was 39403757 shares compared to 2 week average of 22070563.

Source : Equity Bulls

Keywords