IFL Enterprises Ltd announced on Friday that its Board of Directors has approved a strategic investment proposal from UNIQUBE Global Managed Services Pte. Ltd., Singapore, for the acquisition of up to 12% equity stake in the company. The proposed investment is set at a price of ?2 per share.

In a regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements (Regulation 30), the company stated that the Board has given in-principle approval to proceed with structuring the investment through an appropriate method. This may include preferential allotment, Qualified Institutional Placement (QIP), or a Rights Issue, in full compliance with SEBI regulations, FEMA guidelines, and other applicable statutory requirements.

To facilitate smooth execution of the transaction and ensure regulatory compliance, IFL Enterprises will appoint consultants and legal advisors to oversee the process, including due diligence, structuring, documentation, and securing the necessary approvals.