Ifci- A Breakout In The Anvil??

[milind857]

but I heard that limit for FII reached 22% so RBI bars further buying by

FIIs.............

 

[CreditViolet]

Interesting to see where it opens tomorrow.

Good kaboom today after forming a double top

 

[uasish]

Jesse,
Gap is narrowing in tools but lot to work on Self for Execution,by Aug end.
Asish

 

[yuvrajjj]

but I heard that limit for FII reached 22% so RBI bars further buying by

FIIs.............

the cash segment is open for FIIs, especially todays level looks alluring, even the ban could be revoked, wait & watch.

 

[CreditViolet]

Jesse,
Gap is narrowing in tools but lot to work on Self for Execution,by Aug end.
Asish

Congrats!.

 

[DeviKpani]

Hi,
After 2 double top , the stock has come down to 61 levels. My view is that it will fly from this level(if market goes green) , otherwise it will trail to 59 levels(if market goes red).
Please correct me , if I am wrong ?

 

[uasish]

Congrats!.

Tremendously flattered ,boosting conviction,Thks.

 

[koshyssj]

Buy IFCI for a target of 100 within 3 months....

 

[koshyssj]

IFCI to invite domestic & foreign investors for minimum 26% strategic stake; Shortlisted candidates will be announced by Sep 25

IFCI is to invite domestic & foreign investors for a minimum 26% strategic stake sale. The last date of submitting EoI is by 5 pm on Sep 14. They are to follow 2 stage process for selection of investors. The selected applicants post EoI will be invited for pre-qualification bid and shortlisted candidates will be announced by Sep 25. The pre-qualified investors need to submit sealed financial bids.

The due date for proposal submission & RFP documents is by end November. The allotment & subscription to the new investors will be by end Jan 2008. The investor would need to qualify either of the 3 eligibility criteria.

- Investor Needs To Have An Asset Book Of Rs 10,000 cr
- Investor Needs To Have A Networth Of More Than Rs 4000 cr
- Average Asset Under Fund Should Be More Than Rs 10000 cr

The consortium investors needs to have a lead investor & hold atleast 26% stake. The total number of members in Consortium will not be more than 4. The investor would need to hold IFCI for atleast 3 years from transaction date. IFCI board will make preferrential allotment to the selected investor. Bidder would need to make open offer for 20% post preferrential issue.

source:moneycontrol

 

[CreditViolet]

Update

A short was generated ystday before close.