IFCI to raise foreign holding cap to 74 pc

New Delhi, May 4 (UNI) State-run IFCI Ltd today said its Board has approved raising foreign shareholding in the company to 74 per cent.

The Board of Directors of the company passed an enabling resolution to increase the FII, FDI holding limit in the company up to 74 per cent of equity capital, subject to the approval of shareholders, RBI, SEBI and all other Government approvals, a company statement said.

UNI