IFCI has made partial disinvestment of its stake in NSE to the extent of 0.20% of the total number of equity shares of NSE comprising of 10,00,000 number of equity shares at the rate of Rs 925.10 per equity share on January 8, 2018.
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.
