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Time of India
14-07-2025
- Business
- Time of India
IFCI seeks government nod for consolidation of group companies
State-owned IFCI on Monday sought the government's go-ahead for the consolidation of its various group entities, including the broking business. IFCI Limited (the consolidated entity) also proposed to remain as an NBFC (Non-Banking Financial Company). In a regulatory filing on Monday, the company informed that its board has recommended to the Government of India for approval of the Group Consolidation in two stages. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Based on the in-principle approval received from the Government of India to consider 'Consolidation of IFCI Group' dated November 22, 2024, which entailed merger/ amalgamation of IFCI and StockHolding Corporation of India and other group companies of IFCI, the company had appointed a Transaction Advisor for carrying out the consolidation process. As per the evaluation of the Transaction Advisor, the Board of IFCI Limited at its meeting held on Monday has recommended to the Government of India for approval of the Group Consolidation, IFCI said. Live Events Under the consolidation at the company level (Merger 1), the company has proposed the consolidation of StockHolding Corporation, IFCI Factors, IFCI Infrastructure Development and IIDL Realtors with IFCI Limited, the listed entity. "IFCI Limited (the consolidated entity) is proposed to remain as an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory, etc., along with lending," the filing said. The company has also sought approval for the consolidation of StockHolding Services, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity, which will be a direct subsidiary of IFCI Limited, i.e. the consolidated listed entity (Merger 2). It has also proposed that other group entities may continue as direct subsidiaries of the company. "The Board further recommended divestment of IFCI's shareholding in MPCON Limited, a direct subsidiary of IFCI Limited, to the Government of India for approval," the filing said. IFCI said the consolidation and divestment are subject to the applicable regulatory/statutory approvals and applicable laws, rules, regulations, guidelines, framework and standards.
Mint
14-07-2025
- Business
- Mint
Multibagger PSU stock IFCI zooms 9% after THIS consolidation move. Details here
Multibagger PSU stock IFCI rallied over 9% in intraday trade on Monday, July 14, defying weak sentiment in the Indian equity market, after the company's board recommended to the Government of India (GOI) a proposal for approval of the consolidation of the group. While the company has already received an in-principle approval from the government for the consolidation of the IFCI Group in November 2024, the company today recommended the details on the proposed businesses to be merged following the evaluation of the Transaction Advisor. As part of its proposal, PSU stock IFCI has suggested merging at the company level, a merger of the broking business and suggested continuation of certain entities as direct subsidiaries. Under this, IFCI has proposed the consolidation of StockHolding Corporation India Limited, IFCI Factors Limited, IFCI Infrastructure Development Limited and IIDL Realtors Private Limited with TFCT Limited, the listed Entity. The consolidated IFCI is proposed to remain as an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory etc. Consolidation of StockHolding Services Limited, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity, which will be a direct subsidiary of IFCI Limited i.e. the consolidated listed entity mentioned above. StockHolding Document Management Services Limited, StockHolding Securities IFSC Limited, IFCI Venture Capital Funds Limited and MPCON Limited shall be direct subsidiaries of IFCI Limited i.e. the consolidated listed entity. Additionally, the company board also recommended divestment of IFCI's shareholding in MPCON Limited, a direct subsidiary of IFCI Limited, to the Government of India for approval. IFCI share price surged over 9% to hit the day's high of ₹ 66.35 apiece on the BSE. The PSU stock opened at ₹ 60.61 and hit the day's low of ₹ 59.89 today. The daily average volume on BSE for IFCI shares was also higher, as the total traded quantity touched 21.60 lakh shares as against the two-week average of 9.73 lakh shares. While IFCI share price has lost 10% in the last one year, it has zoomed 54% in three months. Meanwhile, the scrip has offered multibagger gains on a longer time frame, zooming 400% in two years and 817% in five years. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
14-07-2025
- Business
- Economic Times
IFCI merger: Transaction advisor gives recommendations to govt for PSU NBFC's 2-stage consolidation
IFCI shares rally 9% after merger roadmap suggests consolidation of subsidiaries and broking arms, boosting prospects of operational efficiency and strategic clarity. Synopsis IFCI shares surged 9% after its advisor proposed a two-phase consolidation plan to the Government of India. Phase 1 includes merging four subsidiaries into IFCI, while Phase 2 involves unifying broking businesses under a single subsidiary. The transaction advisor appointed by state-run IFCI to carry out the consolidation process for the company has given its recommendations to the government, suggesting the merger in two phases. ADVERTISEMENT The first phase will involve consolidation at the company level (Merger 1) while the other phase will involve consolidation of broking business (Merger 2). In this, the consolidation of StockHolding Corporation of India Limited, IFCI Factors Limited, IFCI Infrastructure Development Limited and IIDL Realtors Private Limited with IFCI Limited will happen. The consolidated entity IFCI is proposed to remain as an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory etc. along with lending, the company filing said. Consolidation of StockHolding Services Limited, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity, which will be a direct subsidiary of IFCI Limited i.e. the consolidated listed board further recommended divestment of IFCI's shareholding in MPCON Limited, a direct subsidiary of IFCI Limited to the Government of India for above consolidation and divestment will be subject to all applicable regulatory and statutory approvals. ADVERTISEMENT Following the announcement, IFCI shares jumped 9% to hit the day's high of Rs 66.33 on the NSE amid significant volumes as nearly 2.2 crore shares changed hands around 2 pm. Read More: Reliance Infra shares rally 4% after 3-notch credit rating upgrade ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
14-07-2025
- Business
- Time of India
IFCI merger: Transaction advisor gives recommendations to govt for PSU NBFC's 2-stage consolidation
IFCI shares rally 9% after merger roadmap suggests consolidation of subsidiaries and broking arms, boosting prospects of operational efficiency and strategic clarity. IFCI shares surged 9% after its advisor proposed a two-phase consolidation plan to the Government of India. Phase 1 includes merging four subsidiaries into IFCI, while Phase 2 involves unifying broking businesses under a single subsidiary. Tired of too many ads? Remove Ads Merger 1: Consolidation at company level Merger 2: Consolidation of broking business entities/some of their subsidiaries Tired of too many ads? Remove Ads The transaction advisor appointed by state-run IFCI to carry out the consolidation process for the company has given its recommendations to the government, suggesting the merger in two first phase will involve consolidation at the company level (Merger 1) while the other phase will involve consolidation of broking business (Merger 2).In this, the consolidation of StockHolding Corporation of India Limited, IFCI Factors Limited, IFCI Infrastructure Development Limited and IIDL Realtors Private Limited with IFCI Limited will consolidated entity IFCI is proposed to remain as an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory etc. along with lending, the company filing of StockHolding Services Limited, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity, which will be a direct subsidiary of IFCI Limited i.e. the consolidated listed board further recommended divestment of IFCI's shareholding in MPCON Limited, a direct subsidiary of IFCI Limited to the Government of India for above consolidation and divestment will be subject to all applicable regulatory and statutory the announcement, IFCI shares jumped 9% to hit the day's high of Rs 66.33 on the NSE amid significant volumes as nearly 2.2 crore shares changed hands around 2 More: Reliance Infra shares rally 4% after 3-notch credit rating upgrade
Mint
28-05-2025
- Business
- Mint
IFCI share price jumps over 15%, up 65% in May so far. More upside ahead in this multibagger mid-cap stock?
IFCI share price: Shares of IFCI Limited zoomed over 15% in intraday trade on Wednesday, May 28, extending their bullish trend to the fourth trading session. Meanwhile, the multibagger mid-cap stock has risen in the last seven out of nine trading sessions amid heavy volumes and following a robust performance in the March 2025 quarter. IFCI share price opened at ₹ 61.28 apiece on the BSE, higher than its last closing price of ₹ 61.10. However, it soon extended gains to the day's high of ₹ 70.48, recording a 15.52% rise in intraday trade. In May alone, IFIC stock is up 6%, taking its market capitalisation close to ₹ 19,000 crore. Year-to-date, IFCI share price has risen 13% while on a longer time frame, it has emerged as a multibagger stock, having gained 526% in two years and over 1600% in five years. IFCI's consolidated profit after tax (PAT) for Q4 FY25 came in at ₹ 260.43 crore, as against ₹ 157.32 crore in the corresponding quarter a year ago, recording a 65.5% growth on a year-on-year (YoY) basis. Sequentially, IFCI had posted a net loss of ₹ 8.74 crore in the October-December quarter of FY25.
