IFCI has received an in-principle approval for sale of 2.5% equity stake in National Stock Exchange (NSE) held by company. The board of directors at its meeting held on April 29, 2014 has approved for the same.
IFCI was established with an intention to provide long-term finance needs of the industrial sector. It got listed in the year 1993 changed its status from statutory corporation to a company. It founded and developed various institutions namely ICRA for credit assessment rating, Tourism Finance Corporation of India (TFCI) for promotion of the hospitality industry, among others.
