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Friday, Feb 24, 2006
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Columns - Ear to the ground


IFCI: Counting on bail-out formula

IFCI counter saw higher volume on Thursday on buzz that the Government may announce a `bail-out' formula in the Budget, dealers said.

They said the Government was likely to ask a financial institution to buy-out IFCI.

On the BSE, over 34 lakh shares were traded, compared to the two-week average of 12.44 lakh shares.

The IFCI share rose by 0.83 per cent to close at Rs 10.91.Over 1.03 crore shares changed hands on Thursday on NSE.

Share prices increased by 1.39 per cent to Rs 10.95 on the exchange.

Rajesh Abraham

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