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Govt approves equity dilution for IIFCL

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The government has approved equity dilution for India Infrastructure Finance Company (IIFCL). The dilution is expected to occur in two tranches, aiming to reduce the government's equity stake to 75%. The company also intends to launch an IPO.IIFCL reported a net profit of INR 1,379 crore for the financial year 2026, compared to INR 1,590 crore in the previous year, with the decline attributed to foreign exchange losses. The company achieved its highest-ever annual sanctions of INR 57,680 crore, representing a 13% increase over the prior year, while annual disbursements rose by 16% to INR 32,972 crore.As of March 31, 2026, IIFCL's net worth reached INR 17,898 crore, up from INR 16,395 crore in the previous year.