IFCI has made partial disinvestment to the extent of 1,50,000 number of equity shares of National Stock Exchange of India (NSE) at the rate of Rs 3,950 per equity share, amounting to Rs 59.25 crore.
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.