 "Govt evaluating options to sell two subsidiaries of IFCI in revival bid")
The government is evaluating options of selling subsidiaries of IFCI to infuse money into the non-banking lender.
The government is not keen on infusing funds into IFCI, and plans to unlock value created by its subsidiaries — Stock Holding Corporation of India and IFCI Infrastructure Development, said a senior government official.
IFCI has been saddled with soured assets and its net non-performing assets (NPAs)-to-advances ratio was 42.7 per cent as of March, against 31.8 per cent a year ago, according to its annual report.
The company’s gross NPA ratio was at 62.5 per cent as of June 30, against 61.9 per cent as
