After failing in its effort to rope in a strategic partner last year, IFCI Board may take up the stake sale process again at its board meeting scheduled for April 29.
It is not the part of the board's agenda but may come up for discussion during the meeting.
IFCI board had aborted the process for equity sale to a strategic partner, rejecting the demand for management control by the successful bidder in December last year.
NRI billionaire Anil Aggarwal-led Sterlite Industries, jointly with global investment banking giant Morgan Stanley, had emerged as the front-runner by quoting the highest price.
Speaking about the stake sale two months back, IFCI CEO and Managing Director Atul Rai had said it has no immediate proposal to go for another bidding, but in the medium term may require an "angel investor".
Finance Minister P Chidambaram had also backed IFCI's decision to reject the bid offer in December, but said the company could get more offers when a rebidding is initiated. He did not give a timeframe for the rebidding.
Read more in The Economic Times article.
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