On October 27, long-term infrastructure financier IFCI Ltd on Thursday raised Rs 100 crore through a preferential rights issue to the government.

IFCI said in a regulatory filing that the board allocated 9,29,36,802 shares to the government of India for 10.76 per share at a meeting held on October 27, which represents a premium of Rs 0.76 per share.

It said the government’s shareholding had increased from 64.86% to 66.35% of the company’s total paid-up share capital following a preferential allocation of equity to the Indian government. Earlier in the day, the company’s shareholders approved a proposal to issue preferred shares to the government as a promoter.