MoneyWorks4Me

IFCI informs about company updates

04 May 2016 Evaluate

IFCI has informed that the Board has given its approval for sale of remaining 3.05% (1,372,750 equity shares) of the equity stake held by IFCI in NSE; IFCI has introduced a new product of short term loan for tenure up to 1 year for which the IFCI Benchmark Rate up to one year (IBR-ST) shall be applicable. The current IBR-ST is fixed at 9.40% p.a. with monthly rests. The rate comes into force with effect from May 01, 2016. The IBR-ST is exclusive of risk premium to be charged to the borrowers based on credit rating and tenor premium; and Sale of Assets of Blue Coast Hotels for recovery of IFCIs dues.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Power Finance Corpn. 345.00
REC 310.95
NHIT 168.00
Satin Creditcare Net 227.95
IFCI 69.18
View more..