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| Exchange Disseminated Time 03/05/2016 18:58:26 | IFCI Ltd has informed BSE that :
1. The Board has given its approval for sale of remaining 3.05% (13,72,750 equity shares) of the equity stake held by IFCI in NSE.
2. IFCI has introduced a new product of short term loan for tenure upto 1 year for which the IFCI Benchmark Rate upto 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 w.e.f. May 01, 2016. The IBR-ST is exclusive of risk premium to be charged to the borrowers based on credit rating and tenor premium.
3. Sale of Assets of Blue Coast Hotels Ltd. for recovery of IFCI's dues. |
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