RAJCON becomes an associate company
IFCI announced that the Company has acquired 49% equity shareholding in Rajasthan Consultancy Organization (RAJCON), an unlisted Company, from one of its associate companies viz. HARDICON (HARDICON).As a result of the above said purchase of equity shares, IFCI's shareholding in RAJCON shall become 49% of the total paid-up equity capital and RAJCON shall become an Associate Company of IFCI as per section 2(6) of Companies Act, 2013.
Powered by Capital Market - Live News