Shri Malay Mukherjee, Chief Executive Officer & Managing Director, IFCI Ltd. presented a Dividend Cheque of ₹ 92.30 Crore to the Union Finance Minister Shri Arun Jaitley here today. This 10% dividend is for the Financial Year 2013-14.

IFCI had paid 10% dividend to the Government of India last Financial Year also. The Government of India is holding a majority stake of 55.53% equity shareholding in IFCI Ltd.

Dividend distribution: majority government shareholder receives corporate dividend for the fiscal year under state ownership. Presentation of a dividend cheque by IFCI Ltd. formalises distribution of a declared 10% dividend for the financial year 2013-14 to its majority shareholder, with the company's managing director presenting the cheque to the Union Finance Minister and noting continuity of the dividend policy and the government's controlling equity stake.