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.

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.)