The government of India, ministry of finance, department of revenue, CBDT has vide notification no. 19/2014 dated Mar. 26, 2014 has authorized IFCI  to issue tax free, secured, redeemable, non-convertible bonds upto to Rs. 4.3 billion during financial year 2013-14, as per the terms and conditions.

The stock had underperformed the market over the past one month till Mar. 26, 2014, falling 18.73% compared with the Sensex`s 5.28% rise. It underperformed the market in past one quarter, declining 8.16% as against 4.84% rise in the Sensex.

Shares of the company gained Rs 0.55, or 2.23%, to trade at Rs 25.20. The total volume of shares traded was 748,954 at the BSE (1.43 p.m., Thursday).