New Delhi, Aug. 1 -- IFL Enterprises share price was locked at 5% upper circuit of Rs.0.99 apiece on the BSE Friday after the company's board approved an investment from Singapore-based Uniqube Global. The penny stock has hit the upper circuit limit for the third consecutive session.

The Board of Directors of IFL Enterprises at its meeting held on Friday, August 1, 2025 has considered and approved the receipt of a strategic investment proposal from Uniqube Global Managed Services PTE. Ltd., Singapore, for the acquisition of up to 12% equity stake in the company at a proposed price of Rs.2 per share, which represents approx. 100% premium to current share price.

"The Board has granted its in-principle approval to proceed with structuring ...