IFCI is currently trading at Rs. 27.40, up by 0.20 points or 0.74% from its previous closing of Rs. 27.20 on the BSE.
The scrip opened at Rs. 27.35 and has touched a high and low of Rs. 27.45 and Rs. 27.30 respectively. So far 5,453 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.85 on 23-Sep-2016 and a 52 week low of Rs. 19.50 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 28.05 and Rs. 26.95 respectively. The current market cap of the company is Rs. 4,553.98 crore.
The promoters holding in the company stood at 55.53%, while Institutions and Non-Institutions held 23.05% and 21.41% respectively.
IFCI has received board’s approval for disinvestment of entire 45.50% shareholding comprising 4,550 equity shares with face value of Rs 100 each in HARDICON, a non-listed associate company of IFCI.
Besides, the company has offered to offload 25% of its 3.05% stake constituting 3,43,188 equity shares (pre-split) through IPO of National Stock Exchange (NSE). This disclosure is being given on filing of the Draft Red Herring Prospectus by NSE with SEBI. The company had earlier decided to sell remaining 3.05% stake in equity of NSE.
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.
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