MoneyWorks4Me

SEBI imposes Rs 14 lakh penalty on IFCI

26 Dec 2017 Evaluate

The markets regulator, SEBI has imposed a penalty of Rs 14 lakh upon IFCI in the matter of Glodyne Technoserve.

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.

Peers
Company Name CMP
Power Finance Corpn. 346.80
REC 312.05
NHIT 168.00
Satin Creditcare Net 229.80
IFCI 69.44
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