India's oldest financial institution IFCI said it will invite expressions of interest for inducting a strategic partner from August 13.
IFCI is selling a 26 per cent stake as part of its plan to sell assets to improve the financial performance. Ernst & Young was appointed as advisor for the stake sale.
"The board has approved draft document submitted by Ernst & Young for inviting expressions of interest and the process would begin on August 13," IFCI Chief Executive Officer Atul Rai said.
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