IFCI has made partial disinvestment to the extent of 1.5% of its stake in NSE constituting 675,000 equity shares, to certain buyer, at price of Rs 3,900 per equity share, aggregating to Rs 263.25 crore on September 15, 2015.
IFCI was established with intent to provide long-term finance needs of the industrial sector. 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.
