IFCI invites bids for 26% stake sale

 The applicant investor or group of investors must have an average asset portfolio of Rs 8,000 crore in the last three years. Have an asset book of at least Rs 10,000 crore in immediate last financial year or networth of Rs 4,000 crore.

Consortium investors are required to have a lead investor, who should hold at least 26% stake in the consortium. The total number of members in a consortium is limited to four.

Investors will also need to hold IFCI shares for at least three years from the transaction date.