IFCI board recommends group consolidation and divestment

IFCI Limited's board recommended a group consolidation plan to the Government of India for approval, following in-principle approval from November 2024.

The plan involves two main mergers. The first proposes consolidating StockHolding Corporation of India Limited, IFCI Factors Limited, IFCI Infrastructure Development Limited, and IIDL Realtors Private Limited with IFCI Limited, which will remain a listed NBFC.

The second merger suggests combining StockHolding Services Limited, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited, and IFIN Securities Finance Limited into a single direct subsidiary.

The board also recommended divesting IFCI's shareholding in MPCON Limited to the Government of India.