"We are committed to looking at all possibilities to ensure IFCI reaches sustainable pattern of growth ... strategic investor would play role of angel investor to help company in deepening its competency," IFCI Chief Executive officer Atul K Rai told reporters here.
"We are very much open to it as and when we have requisite condition in place we will go for it (strategic sale)," he said.
The company is also looking at raising resources from the market.
Resources would be raised through private placement or preference shares either by the end of this fiscal or early next fiscal, Rai said.
Meanwhile, IFCI had announced a net profit of Rs 151.07 crore for the first quarter ended June 30, a 38.80 per cent decline over the corresponding period a year-ago.
The firm had a net profit of Rs 246.86 crore in the first quarter of FY07-08, it IFCI said in a filing to the Bombay Stock Exchange on Saturday.
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