Govt mulls capital infusion, merger of loss-making IFCI
New Delhi, 2/11: India is considering pumping about Rs 2,000 crore ($242 million) into state-run IFCI Ltd. and merge it after with its unit, Stock Holding Corp. of India in an attempt to rescue the beleaguered lender, according to people familiar with the matter. Prime Minister Narendra Modi’s administration is seeking to make…
