Govt to infuse Rs 500 cr in IFCI to improve its financial health
The Indian government is injecting Rs 500 crore into IFCI to bolster its financial standing before a planned restructuring and consolidation. This capital infusion, approved by Lok Sabha, increases the government's stake in the loss-making IFCI beyond the current 71.72%. The restructuring involves merging IFCI with StockHolding Corporation of India and other subsidiaries.