IFCI open to strategic Stake Sale
IFCI has declared its results for the quarter ended June 2008 (Q1). The company’s net profit was down by 38.8% from Rs 246.86 crore to Rs 151.07 crore. Its total income was down by 35.45% from Rs 485.57 crore to Rs 313.42 crore.
Atul Kumar Rai, CEO and MD, IFCI said that the company has sanctioned Rs 1,000 crore in FY09 till date. He added that the company has made disbursements of Rs 300 crore in FY09 till date. He also said that the company has not given up the idea of a strategic investor.
