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FinMin may push for IFCI, IIFCL merger

New Delhi : The finance ministry is examining the possibility of merger of two state-run financial institutions India Infrastructure Finance Company (IIFCL) and IFCI to create a bigger financing firm for the sector. The proposal is under the active consideration of the ministry so that the huge deficit, which infrastructure space has, can be bridged, a senior finance ministry official said.

IFCI to sell entire stake in ACRE to Axis Bank

New Delhi, State-owned term lender IFCI will sell its entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE) to Axis Bank for Rs 22.72 crore.

SBI plans to sell up to 5% stake in NSE

New Delhi: State Bank of India (SBI) plans to sell part of its holding in National Stock Exchange (NSE), where it owns 15 % stake. SBI intends to disinvest up to 5 % of its equity holding in NSE through a competitive bidding process, a public notice said.

IFCI sells Rs59.25 crore worth of shares in NSE

2016-04-04 livemint
IFCI said it has sold 1.5 lakh shares at Rs3,950 per share. It did not disclose the name of the buyer

IFCI Q3 profit up 15% at Rs 154 cr

New Delhi : Infrastructure term lending firm IFCI Ltd said its net profit rose by 15 % to Rs 154 crore for the third quarter of 2015-16 on higher interest income and lower cost of funds. Total income increased to Rs 947.15 crore for the quarter ended December 2015. Of this, operational income constituted Rs 897 crore, up 8 % from Rs 834 crore last year, IFCI Chief Executive Officer and MD Malay Mukherjee said.

IFCI rises 4%, to divest stake in Stock Holding Corp

2016-01-05 moneycontrol
The board also gave an approval for disinvestment of entire stake in Assets Care and Reconstruction Enterprise Limited (ACRE)...

Stocks in news: LT, Wipro, Siti Cable, JSW Steel, Welspun Corp

2016-01-05 moneycontrol
Larsen and Toubro | Wipro | Siti Cable Network | JSW Steel | MOIL | Texmaco Rail | Eros International | Idea Cellular | Kelton Technologies | Gravita India | Aditya Birla Chemicals | Grasim and Welspun Corp are stocks, which are in the news today...