The IFCI management intends to pick up where it left off earlier, thereby indicating a 26 per cent stake sale, but with greater management control. However, the management maintains that no final decision has been taken and that the board will meet again on June 12, to take a further view on the issue.
On Friday last week, the stock closed at Rs 62.25 with weekly gains of 2.47 per cent. The stock has gained 9.89 per cent in the last one month.