IFCI has received approval to sell its remaining stake of 1,20,66,871 equity shares comprising of 2.44% of the total equity shares of NSE. The Board of Directors of the Company at its meeting held on June 24, 2019 has approved the same.
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.
