The IFCI board will meet today to officially start the process of inviting bids for a strategic investor.
According to reports, Barclays is ready to pay Rs 85 per share, while others reportedly in the race are Lehman Brothers, BNP Paribas and Deutsche Bank.
According to agency reports, IFCI has said that it has not received any official bids yet and that it hopes to complete the stake sale in six months.
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