Get App
Last Updated : Dec 24, 2019 12:55 PM IST | Source:

IFCI share price jumps 11% on amount realisation from NSE stake sale

IFCI sold more than 1.2 crore equity shares of NSE.

  • bselive
  • nselive
Todays L/H

Shares of IFCI rallied 11.5 percent intraday on December 24 after amount realisation from the stake sale in National Stock Exchange of India.

The state-owned non-banking finance company said it had realised approximately Rs 805.60 crore, representing about 82 percent of the total committed amount.

"Process for receipt of approval for remaining quantity is underway," it added.


The company had intimated exchanges on December 2 about disinvestment entire stake in National Stock Exchange of India (NSE) comprising of 1,20,66,871 number of equity shares (representing 2.44 percent of the total equity shares)

The stock was quoting at Rs 6.96, up Rs 0.68, or 10.83 percent at the time of publishing this copy.

Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only).

First Published on Dec 24, 2019 12:55 pm
Follow us on