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India approves IIFCL's IPO to boost infrastructure, with listing next financial year.
The Indian government has approved the IPO of state-owned IIFCL, a key step in its disinvestment strategy, with the listing expected in the next financial year.
The offer will be an offer-for-sale, not a fresh share issuance.
IIFCL, which reported a 39% net profit increase to ₹2,165 crore in FY2024-25 and record PBT of ₹2,776 crore, aims to expand into renewable energy, digital infrastructure, electric vehicles, and green hydrogen.
The company plans to use AI and data analytics to improve transparency and risk management.
The IPO will support infrastructure financing and align with India’s long-term growth goals.
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India aprueba la OPI de IIFCL para impulsar la infraestructura, con una cotización en el próximo año financiero.