IFCI Ltd had filed a Special Leave Petition (SLP) before the Hon'ble Supreme Court of India challenging the order of the Hon'ble Bombay High Court to set aside the sale of the hotel property of Blue Coast Hotels Limited situated at Goa.
Supreme Court had admitted the SLP and permitted IFCI Ltd to retain the sale proceeds of Rs. 515,44,01,000 from ITC Hotels Ltd till further order.
The Hon'ble Supreme Court has set aside the judgement of Hon'ble Bombay High Court and has upheld the sale of the hotel property of Blue Coast Hotels Limited by IFCI Ltd.
Shares of IFCI LTD. was last trading in BSE at Rs.20.5 as compared to the previous close of Rs. 21. The total number of shares traded during the day was 1431598 in over 2253 trades.
The stock hit an intraday high of Rs. 21.05 and intraday low of 20.25. The net turnover during the day was Rs. 29399981.