IFCI Ltd, the oldest development finance institution in the country, has invited bids from investment banks to help it divest a 4% stake in The Clearing Corp. of India Ltd (CCIL), according to documents on IFCI’s website. The move is part of the lender’s efforts to clean up its balance sheet, which recorded gross non-performing assets (NPAs) of 40.9% as of 31 March 2018.
End the Year with a Deal You Can’t Miss!
Subscribe now and save 40% on our premium subscription.
Enjoy unlimited access for a full year at just $199 (usual price $339).
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Offer valid for a limited time – don’t wait to unlock the insights that drive deal-making in Asia!
Subscribe nowAlready a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
