IFCI has realized an amount of approximately Rs 805.60 crore from the divestment of its remaining 2.44% stake in National Stock Exchange (NSE), representing about 82% of the total committed amount. Process for receipt of approval for remaining quantity is underway.
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.
