Beleaguered FI seeks to roll over bonds by another five years
Provident fund (PF) managers and trustees have demanded central government guarantee as a precondition to accept the rollover of their investments made in the beleaguered IFCI.
The financial institution wrote to the retirement funds on May 30, requesting that they re-consider extending the maturity of payments five years from the original date of maturity. Many of the bonds come up for redemption in September 2003.