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| Discuss But IFCI .....Short term target 75 at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Buy IFCI on Monday for a short term target of 75. Target expected to reach ... |
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#1
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Buy IFCI on Monday for a short term target of 75.
Target expected to reach within next week. |
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#2
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Thread header to read Buy instead of But
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#3
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Thanks Mate !!!!
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#4
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IFCI to invite domestic & foreign investors for minimum 26% strategic stake; Shortlisted candidates will be announced by Sep 25
IFCI is to invite domestic & foreign investors for a minimum 26% strategic stake sale. The last date of submitting EoI is by 5 pm on Sep 14. They are to follow 2 stage process for selection of investors. The selected applicants post EoI will be invited for pre-qualification bid and shortlisted candidates will be announced by Sep 25. The pre-qualified investors need to submit sealed financial bids. The due date for proposal submission & RFP documents is by end November. The allotment & subscription to the new investors will be by end Jan 2008. The investor would need to qualify either of the 3 eligibility criteria. - Investor Needs To Have An Asset Book Of Rs 10,000 cr - Investor Needs To Have A Networth Of More Than Rs 4000 cr - Average Asset Under Fund Should Be More Than Rs 10000 cr The consortium investors needs to have a lead investor & hold atleast 26% stake. The total number of members in Consortium will not be more than 4. The investor would need to hold IFCI for atleast 3 years from transaction date. IFCI board will make preferrential allotment to the selected investor. Bidder would need to make open offer for 20% post preferrential issue. source:moneycontrol.com |
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