IFCI's Board has proposed a significant group consolidation plan to the Government of India.

This involves two main mergers: first, StockHolding Corporation and other entities will merge into IFCI, strengthening its NBFC role with new opportunities in custodial and advisory services.

Second, broking businesses will consolidate into a single direct subsidiary.

Additionally, the Board proposed divesting its stake in MPCON Limited.

This strategic move aims to streamline operations and enhance IFCI's business capabilities, pending necessary approvals.