IFCI has made partial disinvestment to the extent of 2,25,000 number of equity shares of National Stock Exchange of India (NSE) at the rate of Rs 3,950 per equity share on June 30/July 01, 2016. The stake sale is part of the approval given by board of directors on April 29, 2014 for sale of 2.5% equity stake in NSE held by IFCI.
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.
