January 2, 2007
The media had reports that IFCI Limited may induct a foreign bank or a local bank as a strategic investor.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
IFCI Limited has vide its letter inter-alia stated, "In this connection we have to state that our Board of Directors are contemplating various options for future of IFCI. However, currently there is no specific proposal under consideration of IFCI's board."
Source: National Stock Exchange of India Limited
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