New Delhi, Sep 27 (PTI) Long-term infrastructure financier IFCI Ltd will allot preference shares to the government for a capital infusion of Rs 100 crore, the company said on Tuesday.

The board of directors of the company in a meeting held on September 27, 2022, approved the preferential issue of equity shares for 2022-23 to the government as a promoter, IFCI said in a regulatory filing.

Also Read | IBPS Clerk Prelims Exam Result 2022 Released at ibps.in; Know Steps To Check CRP Clerk XII Scores.

The preference share allotment is subject to shareholders, stock exchanges and other regulatory approvals.

Besides, the board members also approved a proposal to call an extraordinary general meeting on October 27, 2022, it said.

Also Read | Young Actors’ Retreat: 5 Things We Learnt About Kim Yoo Jung, Park Seo Joon, Hwang In Youp And More From Korean Variety Show.

Shares of IFCI closed at Rs 9.76 apiece on BSE, down by 0.51 per cent.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)