IFCI rethinks its future strategy
With the IFCI board scrapping its 26 per cent stake sale and rejecting the Morgan-Sterlite bid, the big question investors are asking is what does the future hold for India’s largest financial institution. Clearly, the decision will now force the board to rethink its future strategy and though there is no clarity on timing of the next board meet, one thing is certain the management already has a clear cut agenda on the table
