IFCI recovers Rs 280 crore from Bhushan SteelFurther, as part of the RP, IFCI said it has also been allotted 5,79,277 fully paid up equity shares of BSL having face value of Rs 2 per s...
- Gujarat Congress demands removal of top executive of Ahmedabad metro project
Gujarat Congress demanded removal of top executive of Gandhinagar-Ahmedabad Metro Rail Project Sanjay Gupta, saying he was declared as "def...
- Government revives plan to convert 523 crore IFCI debt into equity
The move comes days after the appointment of Atul Kumar Rai as chief executive and managing director of IFCI.
- Government may turn IFCI debt into equity, make it PSU
The government plans to bring IFCI Ltd under its direct control by converting its loans into equity, hoping to better manage the company.
- IFCI's move on 17 crore escrowed GTL Infrastructure shares illegal: Delhi High Court
The court also termed as illegal the sale of around 5.05 lakh shares of GTL infrastructure by IFCI during July 18 to August 4, 2011 in open...
- Delhi HC says GTL Infrastructure may challenge share seizure by IFCI
The Delhi High Court has ruled that IFCI can sell GTL’s pledged shares of GTL Infrastructure by issuing sufficient notice.
- GTL Ltd approaches Delhi High Court to challenge IFCI's seizure
GTL Ltd, the flagship company of the Global Group, has approached the Delhi High Court to challenge IFCI’s seizure.
- IFCI is positive: Seshadri Bharathan, KSEMA Fincon Ltd
Company is generating handsome returns. People should invest in IFCI.
- IFCI changes tack, scouts for angel investor
After an unsuccessful attempt at bringing in a strategic investor, IFCI is now looking to rope in an angel investor.
- Day after: IFC silver lining for IFCI
A day after the IFCI-Sterlite stake sale deal fell through, there are indications International Finance Corporation (IFC) is willing to inv...
- IFCI asks bidders to discount govt aid
The strategic investor in IFCI must discount government’s support of up to Rs 1,300 crore, when making the final bid.
- IFCI winner may get less than 26% pie on debt conversion
When the IFCI board meets later this week to finalise exactly how much of the debt it owes to banks will be converted into equity, it will ...
- IFCI debt-equity conversion stalemate may hold up sale
Bankers having exposure to IFCI are yet to decide on whether they would convert their debt into equity.
- Blackstone may back out of race for IFCI's 26% sale
IFCI shares have rallied ever since the news on stake sale was out. It had touched an all-time high at Rs 105 in end-September. Blue-collar...
- IFCI debenture conversion option may force some bidders to opt out
Some of them are of the view that not only is the scrip over-priced, but if banks and FIs choose to convert a part of their debentures into...
- IFCI gives banks, FIs equity option
In what could hold wide ramifications to the 26% stake sale of IFCI, its board on Monday decided to offer 30-odd banks and financial instit...
- Mohan Group may buy out IFCI in Foremost
The Mohan Group may look at buying out its joint venture partner IFCI’s stake in Foremost Factors, a New Delhi-based firm.