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IFCI receives Rs 491.84 crore for Binani Cement resolution

IFCI has received an amount of Rs 491.84 crore, net of TDS of Rs 30.55 crore, on account of resolution of Binani Cement under the IBC mechanism. The amount is towards the Security Receipts held by IFCI in Binani Cements. IFCI was established with intent to provide long-term finance needs …

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