Monday 17 March 2014

IFCI MAY BUYS IDBI STAKE IN SHCIL

AS THE NEWS IFCI MAY BUYS IDBI STAKE IN SHCIL. ITS WILL HELP TO IDBI BANK TO REDUCE ITS SOME DEBTS OF COMPANY. AS WELL AS IFCI MAY ALSO COME SOME LOSS DUE PURCHASE OF SHCIL. AS PER THE MARKET SENTIMENTS NO USE OF TAKING STAKE OF SHCIL,IN SUCH TIME IFCI WILL COME IN MORE LOSSES.AND NOT ONLY INCREASE DEBTS BUT ALSO INCREASE EXPENSES OF THE COMPANY. IN 2009 NEWS COME THAT IDBI IS BUYING STAKE IN SHCIL AND FROM THAT DAY IDBI IS NOT GIVING ANY RETURNS TO HIS SHAREHOLDER BUT FROM THAT TIME ITS LOSSES TO SHAREHOLDER. SO ON THIS NEWS I THINK IDBI WILL BENEFITED BY SELLING ITS STAKE TO IFCI AND MAY IFCI WILL GET LOSS. SO BUY IDBI AND SELL IFCI , BUT FIRST COME WITH CONFIRM NEWS ABOUT THIS.

   

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