IFCI is contemplating to engage services of consultant in order to advise and manage the process of partial disinvestment of its stake in National Stock Exchange of India (NSE) and disinvestment of its entire stake in IFCI Financial Services. The company has invited bids for the same.
IFCI was established with intent to provide long-term finance needs of the industrial sector. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.