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The editorial “IFCI fiasco” (Business Line, December 24) reflects the feelings of the IFCI shareholders. The decision of scrapping the stake sale of IFCI is most unfortunate. Investors who bought the IFCI shares believing that the sale would materialise have little to cheer about as the share price has fallen sharply after the bidding fiasco.

The Government should take the stock of the situation, reconstitute the IFCI Board, and extend financial help to bail out the IFCI.

Bharath B. N e-mail

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