Shares of IFCI Ltd saw an increase of 4.39% on October 7, 2024, reaching ₹64.20. The stock opened higher at ₹64.50, up from the previous close of ₹61.50. This rise follows a recent string of mixed performances, as seen from the share price history over the past week.
IFCI Share Price Performance
- Oct 4, 2024: Closed at ₹61.50, down 0.77%
- Oct 3, 2024: Closed at ₹61.98, down 4.79%
- Oct 1, 2024: Closed at ₹65.10, down 1.51%
- Sep 30, 2024: Closed at ₹66.10, down 1.84%
- Sep 27, 2024: Closed at ₹67.34, up 2.31%
Vacancies Announced by Finance Ministry
The Finance Ministry has announced vacancies for the position of Deputy Managing Directors (DMD) across three state-owned financial institutions, including IFCI, Exim Bank, and IIFCL.
- IFCI and IIFCL each have one open DMD position.
- Exim Bank has two such vacancies.
The maximum permissible age for eligible candidates is 55 years as of the respective date of vacancy. For IFCI, this dates back to December 12, 2016. For Exim Bank, the permissible age is based on two separate vacancies dated August 16, 2017, and July 21, 2019.
Eligibility Criteria
- Educational Qualifications: Candidates should preferably have a postgraduate degree in economics, commerce, business administration, or finance, or a graduate degree with a professional qualification like Chartered Accountancy, Cost Accountancy, or Chartered Financial Analyst.
- Experience: At least 18 years of experience in various verticals of banks or financial institutions, with a minimum of 2 years at a senior level below the board.
- All India Service Officers with a minimum of 15 years of experience, including 2 years as a Director or Deputy Secretary to the Government of India, can apply on a deputation basis.
The last date for submitting applications was May 27, 2019.
The vacancies indicate the government’s efforts to strengthen the leadership in these institutions and may impact the functioning and strategic direction of these organizations, including IFCI. Investors are closely watching the developments, as they could have potential implications for the company’s future performance and governance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
