State-owned India Infrastructure Finance Company Ltd (IIFCL) plans to go public in the next financial year, company’s Managing Director P R Jaishankar said on Friday.
“We are examining the listing…hopefully it should be done next financial year. IIFCL has come to a stage where we unlock the value for the benefit of the government,” he said on the sidelines of the company’s foundation day.
The company will very soon initiate the consultation process, he said, adding various approvals are required including from the government.
Asked about the quantum of stake dilution, he said, the decision about that would be taken after detailed discussion.
As of now, IIFCL is 100 per cent owned by Government of India.
From the performance perspective, he said the company has been consistent both on topline and bottomline parameters.
He expects the FY24 profit to cross Rs 1,500 crore.
IIFCL reported a two-fold jump in standalone net profit to Rs 1,076 crore for FY23 aided by an increase in le
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