Others

Disinvestment of IFCIs Stake in NSE- Update

| Updated on December 29, 2016 Published on December 29, 2016

IFCI Ltd has informed BSE that as against earlier decision of IFCI Limited to sell remaining 3.05% (13,72,750 equity shares) stake in equity of NSE and subsequent decision to withhold the process of this disinvestment, communicated to the Stock Exchanges vide Letters dated May 03, 2016 and July 04, 2016 respectively, IFCI has offered to offload 25% of its 3.05% stake, i.e. 3,43,188 equity shares (pre-split) through IPO of NSE.

This disclosure is being given on filing of the Draft Red Herring Prospectus by NSE with SEBI.

Pdf Link: >Disinvestment of IFCIs Stake in NSE- Update

Source : BSE - >www.bseindia.com

Published on December 29, 2016
This article is closed for comments.
Please Email the Editor