Finance ministry plans to divest majority stake in IFCI, could raise up to Rs 3,000 croreConfirming the development, a finance ministry official said the department of disinvestment has prepared a cabinet note to this effect.
- IFCI stake sale after recast
A finance ministry official told the move will be in line with the biz model being envisaged for the co, four of whose directors resigned f...
IFCI stock soars 11.4% as government set to reconstitute new boardGovt has initiated the process of reshuffling the board of financing firm IFCI, in a sign that it may want a pivotal role in the company's ...