Is it worthwhile to invest in IFCI Secured Non-Convertible Debentures…?

Yes, I do feel that it is worth while investing in the above bond for the following reason :

• It has now become a public sector entity after the conversion of government holding in the form of bonds to equity. This shows the government's intention to turn around IFCI into a revival institution interms of long term lending and advisory services.
  
• Further it is learnt that the government is increasing its share in the company by opting for preferencial shares. Any comments please..?