Monday, July 9, 2007

IFCI to go ahead with 26% stake sale

IFCI, the country's oldest financial institution, will invite bids later this month for the sale of 26% stake to a strategic investor.

"We will float a global advertisement for inviting bids for strategic sale of stake in the next 10-15 days," R M Malla, chief executive officer, IFCI said.

(Source: Business Standard)

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