IFCI Ltd has sought a cash infusion of Rs 5,000 crore by the Centre to help it shore up its capital adequacy ratio and also meet repayment obligation. Alternatively, it will require a government guarantee to raise Rs 7,500-8,000 crore for tiding over the liquidity problem.
Official sources told Business Standard the proposal was submitted to the banking division of the finance ministry on Monday. They also said the government had returned the proposal and had sought some more details on it to bifurcate IFCI into two: a
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