Share News: Government company made a big announcement on merger - tremendous rise in PSU shares

News Topical, Digital Desk : IFCI Ltd has informed before the market closed on Monday that the board has proposed the consolidation of broking companies at the company level. In the meeting held on 14 July 2025, the company has recommended the consolidation of the group to the central government. Under this, it has been proposed to merge several subsidiaries into the main company. The company's proposal states that the broking companies will be consolidated.

1- The company said that four companies will merge with IFCI Limited, including Stock Holding Corp, IFCI Factors Limited, IFCI Infra and IIDL Realtors.

The company will remain an NBFC IFCI Ltd further said that the company will remain an NBFC and will continue to explore opportunities in custodial services, e-stamping, advisory services. Apart from this, the board has also recommended selling its stake in MPCON Limited to the Government of India (divesting), for which approval has been recommended from the Government of India. 2- IFCI Ltd has proposed to consolidate Stockholding Services Limited, IFCI Financial Services Limited, IFIN Commodities Limited, IFIN Credit Limited and IFIN Securities Finance Limited into a single entity. Share performance After this news, the company's stock has seen a great rise. At the time of writing the news, the company's stock was trading at Rs 62.70 with a gain of 3.43 percent on NSE. In the last one year, the company's stock has seen a decline of 17.12 percent. 

 

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