IDBI chairman V P Shetty today denied any move to merge IFCI with itself. | |
| "I am not a party to the recent developments. If the government, however, asks us to merger IFCI we would be doing it because they still have a majority stake in the IDBI. The merger would, however, have to be on our conditions because we need to protect the interest of minority shareholders." |
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| About merging Industrial Investment Bank of India (IIBI) with IDBI, Shetty said, "There are no move as of now on the part of IDBI to merge IIBI." |
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