IFCI

** Indian financial firms with stakes in the National Stock Exchange rise after the bourse filed draft papers for its IPO late Wednesday

** State Bank of India SBI.NS up 0.17% to 1028.2 rupees, Bank of Baroda BOB.NS rises 0.71% to 283.7, IFCI IFCI.NS gains 1.52% to 91.19 rupees

** General Insurance GENA.NS climbs 1.11% to 90.91 rupees, New India Assurance THEE.NS adds 5.81% to 175.18 rupees and LIC LIFI.NS advances 0.59% to 420.3 rupees

** SBI, BOB, GENA and THEE among shareholders set to sell stakes in offer, draft prospectus shows

** IFCI gains as unit Stock Holding Corp, in which it owns 52%, plans to join OFS

** Rival exchange BSE BSEL.NS up around 0.22% at 4006.1 rupees on the day

(Reporting by Surbhi Misra in Bengaluru)

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** Shares of India's IFCI IFCI.NS climb 7.34% to 90.80 rupees

** Financial services firm extends gains from Friday, when the stock hit its 20% upper circuit

** Stock extends gains after media reports said National Stock Exchange (NSE) could file draft IPO papers with market regulator SEBI as early as next week

** IFCI owns a 52.86% stake in Stock Holding Corporation of India, which in turn held a 4.44% stake in NSE as of March 31, company and exchange data shows

** YTD stock up 70.02%

(Reporting by Surbhi Misra in Bengaluru)

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April 28 (Reuters) - IFCI Ltd IFCI.NS:

• MARCH-QUARTER CONSOL PROFIT 340.6 MILLION RUPEES

• MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.7 BILLION RUPEES

Source text: [ID:]

Further company coverage: IFCI.NS

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April 6 (Reuters) - IFCI Ltd IFCI.NS:

• GOVERNMENT OF INDIA APPOINTS MANIKUMAR SIVARAMAKRISHNAN AS CO'S DEPUTY MANAGING DIRECTOR

Further company coverage: IFCI.NS

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**NSE NSEI.NS said it has appointed 20 merchant banks to manage its highly anticipated initial public offering—the largest number of bankers ever selected for a public issue in India

**Shares of IFCI IFCI.NS rise as much as 10.9% to 59.83 rupees, last up 7%

**Development finance institution IFCI owns about 53% of Stock Holding Corporation of India (SHCIL), which in turns holds 4.4% of National Stock Exchange of India (NSE)

**Banking consortium includes nearly every major investment banker in the Indian market, featuring Kotak Mahindra Capital, SBI Capital Markets, J.P. Morgan, and Citigroup

**Bourse has not yet disclosed specific details regarding the offer-for-sale structure or timeline

**More than 87.8 million shares change hands, nearly 2.9x the 30 day avg

**YTD IFCI stock up ~11%

(Reporting by Mridula Kumar in Bengaluru)

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** Shares of IFCI IFCI.NS rise 6% to 53.49 rupees

** Development finance institution monetises 10% stake in North Eastern Development Finance Corp for 1.22 bln rupees ($13.6 mln)

** Trading volume at 41.2 mln shares so far, nearly 8x 30-day average

** IFCI down 14% YTD

($1 = 89.8740 Indian rupees)

(Reporting by Vijay Malkar)

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Dec 30 (Reuters) - IFCI Ltd IFCI.NS:

• MONETISES 10% STAKE IN NORTH EASTERN DEVELOPMENT FINANCE CORP FOR 1.22 BILLION RUPEES

Source text: ID:nNSE8drv35

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March 21 (Reuters) - IFCI Ltd IFCI.NS:

• IFCI LTD - RAHUL BHAVE APPOINTED AS MD & CEO OF IFCI LIMITED BY INDIA GOVERNMENT

Source text: ID:nBSE2DTdmd

Further company coverage: IFCI.NS

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Jan 24 (Reuters) - IFCI Ltd IFCI.NS:

• GOVERNMENT OF INDIA SANCTIONS 5 BILLION RUPEES TO CO

• TO CONSIDER PREFERENTIAL ISSUE OF SHARES TO GOVERNMENT OF INDIA

Source text: ID:nBSE7tVBRy

Further company coverage: IFCI.NS

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By Nikunj Ohri

NEW DELHI, Nov 26 (Reuters) - India will revamp operations of non-bank lender IFCI Ltd IFCI.NS by shutting its lending operations following capital constraints and converting it into an infrastructure advisory firm, two government sources told Reuters on Tuesday.

IFCI, launched in 1949 soon after the country's independence, was asked to stop fresh lending in 2021-22 after bad loans soared, depleting the lender's capital and liquidity.

Indian government owns nearly 72% of IFCI.

The federal finance ministry and IFCI did not immediately respond to a request for comment. The sources remained anonymous as they were not authorised to speak to the media.

The revamp comes as the South Asian nation is rapidly investing in its infrastructure sector, increasing its spending more than three times in five years to 11.11 trillion rupees ($131.89 billion) for 2024/25.

As per the plan, IFCI will not resume lending, instead expanding the scope of its infrastructure advisory service to include evaluation for state governments infrastructure and green projects, the first source said.

They added that the government wants the company to replicate the project advisory practices of SBI Capital Markets, the investment banking arm of State Bank of India, the country's largest lender by assets.

The government plans to infuse 5 billion rupees into IFCI this year, and any further capital infusion will be to ensure there are no defaults in repayment commitments of IFCI, the two sources said.

IFCI's shares fell 0.8% on the day. They closed 11.3% higher on Monday, after the board approved its merger with its subsidiary StockHolding Corp. of India on Friday, based on the recommendation of the federal finance ministry.

The stock has gained 121% so far this year, compared to a 10% rise in the benchmark Nifty 50 .NSEI.

The revival plan also includes monetising IFCI's real estate assets and renting its office spaces, one of the sources added.

The non-bank lender earned 427 million rupees through rental income and earned a profit of 1.3 billion rupees in fiscal 2024.

($1 = 84.2375 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Janane Venkatraman)

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** Shares of non banking finance company IFCI IFCI.NS rise 10% to 63.85 rupees

** Co on Friday gained approval from Dept of Financial Services, Ministry of Finance for the consolidation of its group companies

** At co level, StockHolding Corp of India, IFCI Factors, VFCI Infrastructure Development and IIDL Realtors will merge with IFCI

** StockHolding Services, IFCI Financial Services, IFIN Commodities and IFIN credit will merge into a single entity, which will be a subsidiary of IFCI

** Other group entities will continue to remain direct subsidiaries of IFCI, co says

** More than 44 mln shares change hands as of 2:30 pm IST, nearly 4 times the 30-day avg volume

** Stock up nearly 100% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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Nov 22 (Reuters) - IFCI Ltd IFCI.NS:

• IFCI - GOT DEPARTMENT OF FINANCIAL SERVICES NOD TO MERGE STOCKHOLDING CORP OF INDIA, GROUP COS, WITH CO

Source text: ID:nNSE393w7r

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Aug 8 (Reuters) - IFCI Ltd IFCI.NS:

• JUNE-QUARTER CONSOL NET LOSS 1.08 BILLION RUPEES

• JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.88 BILLION RUPEES

Further company coverage: IFCI.NS

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March 19 (Reuters) - IFCI Ltd IFCI.NS:

• IFCI LTD - APPROVED PREFERENTIAL ISSUE OF EQUITY SHARES AGAINST CAPITAL INFUSION FOR FY 2023-24 AGGREGATING UPTO 5 BILLION RUPEES

• IFCI LTD - APPROVED PREFERENTIAL ISSUE OF EQUITY SHARES TO PROMOTERS GOVERNMENT OF INDIA

Source text for Eikon: ID:nNSE6xmNcm

Further company coverage: IFCI.NS

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IFCI Ltd IFCI.NS:

• IFCI LTD- TO CONSIDER AND APPROVE PREFERENTIAL ISSUE OF EQUITY SHARES TO GOVERNMENT OF INDIA

Source text for Eikon: ID:nBSE79mJCs

Further company coverage: IFCI.NS

** Shares of NBCC (India) NBCC.NS up ~1.4% at 134 rupees, easing from jump of 2.8% earlier in session

** Co's unit HSCC (India) won an order worth 4.6 bln rupees ($55.5 mln) from government of Maharashtra

** Separately, co announced it is entering into an agreement with IFCI IFCI.NS and a sale of commercial space in New Delhi

** Trading volume remains thin, with just 9.3 mln shares traded against 30-day avg of 63.4 mln

** Construction firm set to post eighth consecutive month of gains

** So far this yr stock has risen ~65%

($1 = 82.9050 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 9 (Reuters) - IFCI Ltd IFCI.NS:

• IFCI DEC-QUARTER CONSOL PROFIT 393.2 MILLION RUPEES VERSUS 1.09 BILLION RUPEES

• IFCI DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 4.54 BILLION RUPEES VERSUS 3.48 BILLION RUPEES

Source text for Eikon: ID:nBSEbbKxy8

Further company coverage: IFCI.NS

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** Shares of Ashiana Housing AHFN.NS rise as much as 3.38% to 215.90 rupees

** Uptick after the real estate firm enters into an investment framework agreement with International Finance Corporation (IFC) IFCI.NS)

** IFC has committed to invest 1.13 bln rupees, which can be increased up to 2.25 bln rupees, representing 40% of the total investment

** AHFN to invest remaining 60% of capital, 1.69 bln rupees which can be increased upto 3.38 bln rupees

** Investment on mid-income residential projects developed by AHFN across Jaipur, Gurugram, Pune and Chennai

** AHFN up 54.64% in 2023 so far, including today's gains compared to 28.35% rise in Nifty Realty index .NIFTYREAL

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 28 (Reuters) - IFCI Ltd IFCI.NS:

• APPROVED PREFERENTIAL ISSUE OF EQUITY SHARE CAPITAL FOR FY 2022-23 UPTO 4 BILLION RUPEES

• PREFERENTIAL ISSUE TO GOVERNMENT OF INDIA

Source text for Eikon: ID:nNSE5tHVJr

Further company coverage: IFCI.NS

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