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IFCI shares up 2%, divests stake in National Stock Exchange

"IFCI has made partial disinvestment to the extent of 1.5 percent of its stake in National Stock Exchange (NSE) i.e. 6,75,000 equity shares, to certain buyer on September 15," the company said in its filing.

September 16, 2015 / 11:38 AM IST
 
 
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Moneycontrol Bureau


Shares of IFCI gained 2 percent intraday Wednesday after the state-run company sold partial stake in country's largest stock exchange (by turnover).


"IFCI has made partial disinvestment to the extent of 1.5 percent of its stake in National Stock Exchange (NSE) i.e. 6,75,000 equity shares, to certain buyer on September 15," the company said in its filing.


It sold this stake at price of Rs 3900 per share and earned Rs 263.25 crore.


At the end of June 2015, it had 5.55 percent shareholding in National Stock Exchange. Major shareholders of NSE are LIC (10.51 percent stake) and State Bank of India (10.19 percent stake). Stock Holding Corporation of India, GAGIL FDI (Cyprus), GS Strategic Investments, SAIF II SE Investments Mauritius, Aranda Investments (Mauritius) Pte and IDBI Bank have a 5 percent stake each in exchange.

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At 11:16 hours IST, the scrip of IFCI was quoting at Rs 20.90, up Rs 0.05, or 0.24 percent on the BSE.

Posted by Sunil Shankar Matkar

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