Waiting for Rs 200 crore capital infusion: Emandi Sankara Rao, IFCI
  • WebDesk BTVI
  • Jun 17 2019

Emandi Sankara Rao, MD and CEO of IFCI, says the company has requested the government for equity infusion of Rs 200 crore and added that the company is hopeful to get the capital infusion at the earliest. He added that IFCI is also looking to get approval from the Centre for offloading some of its stake in non-core assets. He says the firm needs about Rs 4,000 crore to get back into growth mode.