Markets

IFCI offloads 0.17% stake in NSE for Rs 29.6 cr

Our Bureau New Delhi | Updated on January 22, 2018 Published on December 30, 2015

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State-owned IFCI has sold a 0.17 per cent stake in the country’s largest bourse National Stock Exchange (NSE) for ₹ 29.63 crore.

“We have sold 75,000 shares at a price of ₹ 3,950 per share. The realisation this time is ₹50 more per share,” Malay Mukherjee, Managing Director & CEO, IFCI told BusinessLine here.

Tata Investment Corporation is the buyer of this 0.17 per cent stake.

Earlier in September, IFCI had sold 1.5 per cent stake in NSE to an overseas entity for ₹ 263.25 crore (at rate of ₹3,900 per share).

Mukherjee also said today IFCI would look to sell the remaining 0.83 per cent — out of the planned 2.5 per cent stake sale — by end-March this fiscal.

Even after the completion of a 2.5 per cent stake sale, IFCI would control another 2 per cent in NSE.

srivats.kr@thehindu.co.in



Published on December 30, 2015
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