IFCI to sell stakes in NSE, CCIL, clean up NPAs in revival plan - News Summed Up

IFCI to sell stakes in NSE, CCIL, clean up NPAs in revival plan


IFCI’s net NPAs were at 26.49% while gross NPAs stood at 35.8% as of end December. IFCI’s net NPAs were at 26.49% while gross NPAs stood at 35.8% as of end December. Rao said the company is hopeful that with resolution of cases currently being heard by the National Company Law Tribunal, gross NPAs could halve. As of December end, gross NPAs were at Rs8,110 crore. IFCI holds 2.85% stake in NSE after having sold 0.2% of its holdings in January.


Source: Mint March 08, 2018 21:00 UTC



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