IFCI Ltd. Presents Dividend Cheque of Rs.92.30 Crore to FM
INVC NEWS New Delhi, Malay Mukherjee, Chief Executive Officer & Managing Director, IFCI Ltd. handed-over here today a Dividend Cheque of Rs.92.30 crore, which is 10% interim dividend for 2015-16 towards 55.53% of GOI equity holding in IFCI, to Shri Arun Jaitley, Finance Minister, Government of India. This interim dividend is of Rs.1 per equity share of Rs.10 each for the Financial Year 2015-16. In the Financial Year 2014-15, 15% dividend has been paid by the Company. As per the financial performance for the 9 months period ending December 31, 2015, as reported by IFCI Ltd., it earned a net profit of Rs.438 crore during this period and its Business Assets have grown to Rs. 34,715 crore as on December 31, 2015 from Rs.29,458 crore a year ago. Its Debt Equity Ratio stands at 4.4% and Capital Adequacy Ratio was 17.6% against the regulatory requirement of 15%.