IFCI has completed the stake sale of National Stock Exchange of India (NSE) and further received an amount of approximately Rs 178.65 crore.
Earlier, the company has received bids for sale of 1,20,66,871 equity shares comprising of 2.44% of the total equity shares in NSE.
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.
