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IFC sells 10.88% stake in Kanoria Chemicals, exits with modest dollar gains

By Madhav A Chanchani

  • 14 Dec 2012
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IFC sells 10.88% stake in Kanoria Chemicals, exits with modest dollar gains

International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has exited its five-year-old investment in Kanoria Chemicals & Industries Ltd at a small profit. On Thursday, IFC sold 10.88 per cent stake in the chemicals firm for Rs 25 crore.The stake sale appears to be ......

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