IFCI Share Price Hits Over Two-Month High

IFCI share price snapped a two-day losing streak on Wednesday. The stock price jumped over 7% without any fundamental trigger.

IFCI will hold its 32nd annual general meeting on Oct 29 at 11:30 a.m., through audiovisual mean, the company said Monday in an exchange filing. The company has set Oct 22 as the cutoff date for determining the voting rights of shareholders through remote e-voting and e-voting at the annual general meeting.

The remote e-voting period will commence on Oct 26 and end on Oct 28, according to data on the exchange filing. The period of book closure is from Oct 23 to Oct 29.

IFCI is a non-deposit taking, non-banking financial company in the public sector. It was set up in 1948 as a statutory corp. It is mandated to…

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