IFCI stake sale: One bidder may opt out
IFCI said on Wednesday that one of the eight prospective bidders, who are in the race for 26 per cent stake in the financial institution, may opt out.
By PTI |
NEW DELHI: IFCI said on Wednesday that one of the eight prospective bidders, who are in the race for 26 per cent stake in the financial institution, may opt out.
"There are indications that one may drop out of the process, IFCI CEO Atul Kumar Rai told reporters here.
There were rumours of IDFC pulling out of the process which the CEO decline to confirm.
The eight bidders include IDFC, GE Capital, Cargill Ventures, French banking company Natixis, US-based private equity firm Blackstone.
"There are indications that one may drop out of the process, IFCI CEO Atul Kumar Rai told reporters here.
There were rumours of IDFC pulling out of the process which the CEO decline to confirm.
The eight bidders include IDFC, GE Capital, Cargill Ventures, French banking company Natixis, US-based private equity firm Blackstone.
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