News about IFCI Limited
February 24th, 2007
NSE Press Release
The media had reports that IFCI Limited has sold off Malvika Steels (MSL), a stressed asset of the company.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
IFCI Limited has vide its letter inter-alia stated, “IFCI has filed a recovery suit in DRT, Delhi, which has issued a ’sale proclamation’. Accordingly, sale notice was issued to the newspapers in November, 2006. However, the sale of land and assets has not yet materialised.”
Entry Filed under: Equity Markets, NSE
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