IFL Enterprises Welcomes Strategic Investment Boost
IFL Enterprises' board has approved a proposal from UNIQUBE to acquire a 12% stake in the company, aimed at growth and institutionalization of shareholding. The firm, focused on agri commodity export, expects this strategic investment to enhance shareholder value, following a recent rights issue that raised Rs 50 crore.
- Country:
- India
In a bold move for growth, IFL Enterprises has announced that its board has given the green light to a proposal by Singaporean firm UNIQUBE Global Managed Services to acquire a 12% stake in the company.
The deal aims to bolster IFL's growth capabilities and further institutionalize its shareholding, with expectations to enhance long-term value for all stakeholders involved.
Already witnessing a significant jump in revenue, the Ahmedabad-based company's latest strategic decision comes on the heels of a successful rights issue that raised Rs 50 crore, underscoring IFL's strong market presence in the agri commodity sector.
(With inputs from agencies.)
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