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  • IFC considers buying up to 10% in IFCI (Live mint.com 7th Dec 2007)
    World Bank unit International Finance Corporation (IFC) may consider buying as much as 10% of IFCI Ltd, India’s oldest project financier, which is seeking a new investor. “We are in talks with IFCI,” Paolo Martelli, IFC’s regional director for South Asia, said on Thursday.
    IFCI, the third best performing stock on the Bombay Stock Exchange’s (BSE’s) 500 Index this year, plans to sell a 26% stake to a strategic investor to improve its financial performance and exit non-performing assets, or those that needed to be liquidated. The lender is also in talks with multilateral institutions.
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