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flag India approves IIFCL's IPO to boost infrastructure, with listing next financial year.

flag 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. flag The offer will be an offer-for-sale, not a fresh share issuance. flag 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. flag The company plans to use AI and data analytics to improve transparency and risk management. flag The IPO will support infrastructure financing and align with India’s long-term growth goals.

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