IFCI Ltd., the country's first development finance institution, after making a substantial NPA's clean up and significant recoveries exercise in the year 2018-19, specifically in the ailing power sector has prepared a detailed corporate business plan and got approved by its Board of Directors at the meeting held on June 24, 2019, based on the prevailing economic, banking and finance conditions and status.
Apart from covering the areas of sanctions, disbursements, advisory and aggressive recoveries from NPAs, the plan also envisages sale of non-core assets & investments, including proposed sale of shareholding in National Stock Exchange of India Ltd. and other divestments. The plan for divestments and monetisation is however, subject to statutory / regulatory clearances and other required approvals.
Shares of IFCI LTD. was last trading in BSE at Rs.9.39 as compared to the previous close of Rs. 7.97. The total number of shares traded during the day was 2085664 in over 4139 trades.
The stock hit an intraday high of Rs. 9.53 and intraday low of 8.05. The net turnover during the day was Rs. 18702645.