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Debenture conversion may delay divestment plans: IFCI

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  • Published On: August 24, 2012
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Shares in Industrial Finance Corporation of India (IFCI) plunged on Friday after government exercised its option to convert Rs 923 crore worth of debentures into equity with immediate effect. Atul Kumar Rai, MD and CEO, IFCI told NDTV Profit that the conversion will delay the divestment plans of the company.
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