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IFCI strengthens on selling 0.17% stake in NSE for Rs 29.63 crore

30 Dec 2015 Evaluate

IFCI is currently trading at Rs. 27.65, up by 0.75 points or 2.79% from its previous closing of Rs. 26.90 on the BSE.

The scrip opened at Rs. 27.05 and has touched a high and low of Rs. 28.10 and Rs. 26.90 respectively. So far 960590 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.55 on 02-Feb-2015 and a 52 week low of Rs. 17.55 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 27.45 and Rs. 26.55 respectively. The current market cap of the company is Rs. 4495.81 crore.

The promoters holding in the company stood at 55.53% while Institutions and Non-Institutions held 22.82% and 21.65% respectively.

IFCI has made partial disinvestment to the extent of approximately 0.17% of its stake in NSE constituting 75,000 equity shares, to a certain buyer at price of Rs 3,950 per equity share, aggregating to Rs 29.63 crore on December 30, 2015.

The company had earlier 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.


IFCI Share Price

61.22 0.54 (0.89%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 464.85
REC 373.35
Indian Railway Fin. 104.85
NHIT 151.00
Satin Creditcare 174.75
View more..

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