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IFCI has said that it has received as many as three bids for its stake sale in the National Stock Exchange, the country's largest bourse by profits.
IFCI plans to disinvest 2.5 per cent of its equity shareholding in the NSE through a competitive bidding process.
"We are at an advanced stage in the process of stake sale in NSE," Malay Mukherjee, Managing Director & CEO, IFCI, told BusinessLine after meeting Finance Minister Arun Jaitley at North Block in the Capital on Wednesday. IFCI had appointed PricewaterhouseCoopers to manage the stake sale process.
IFCI had initially held 12.44 per cent stake in NSE. Of this, about 7 per cent stake was sold in 2007 to Goldman Sachs Group Inc, NYSE Group Inc, General Atlantic LLC and Softbank Asian Infrastructure Fund.
IFCI now directly holds about 5.5 per cent stake in NSE. Stock Holding Corporation, now a subsidiary of IFCI, directly holds another 5 per cent.
During the meeting, Mukherjee handed out a dividend cheque of Rs 92.3 crore to the Finance Minister. This amount represented the Centre's share of IFCI dividend for 2013-14.
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