IFCI has received an approval for sale of 42,43,370 equity shares comprising of 0.86% of the total equity shares of NSE to one or more interested buyer(s) in part or full. The board of directors at its meeting held on September 25, 2017 has approved for the same. The sale would be subject to obtaining prior consent / No-Objection of NSE and any other approval, required as per law.
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.
