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IFCI aims to mobilise up to Rs 2,000 crore

Sunday, July 21, 2019, 3:44 PM

The country's oldest public sector financial institution IFCI expects to mobilise Rs 1,500-2,000 crore from sale of non-core assets, including its stake in the National Stock Exchange (NSE), during the current fiscal to fund business growth, a top company official said. Besides, the company is looking at recovery of bad loans under the Insolvency and Bankruptcy Code.
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IFCI hopes to recover Rs 2,000 crore from NPA resolution

Sunday, June 17, 2018, 11:25 AM

Saddled with bad loans, the country's oldest financial institution IFCI expects to recover about Rs 2,000 crore from the resolution of non-performing assets (NPAs) during the current fiscal. The state-owned term lender has also lined up some of its non-core fixed assets including commercial real estate for sale in 2018-19 provided they fetch good value, IFCI Managing Director E S Rao said.
 

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