Date:14/12/2007 URL: http://www.thehindu.com/2007/12/14/stories/2007121456281800.htm

Business - Briefly

Govt. not to convert bonds in IFCI

MUMBAI: Providing clarity to strategic investors a day before submission of financial bids, IFCI on Thursday said the Government does not seek to change its Rs. 923 crore optionally convertible bonds into equity at the moment.