Diljit Broking & Infra LLP has bought 90,00,000 shares of IFCI at Rs 20.60 per share on the BSE on March 20, 2018. However, Sanjeet Motor Finance sold 90,00,000 shares of the company at Rs 20.60 per share on the same day.
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.
