IFCI Limited announced a private placement to issue 123,977,188 common shares at an issue price of INR 40.33 for the gross proceeds of INR 4,999,999,992.04 on April 18, 2024. The transaction will include participation from returning investor India. Pursuant to the allotment of equity shares to the GoI on preferential basis, the shareholding of GoI has increased from 70.32% to 71.72% of the total paid-up share capital of the Company.