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Shares of IFCI surged 4 per cent to ₹40 after the company announced that it intends to offload a portion of the stake it holds in the NSE. IFCI would also sell its entire stake in the financial services arm IFCI Financial Services.
The company plans to engage the services of a consultant to advise and manage the process of partial disinvestment of IFCI’s stake in NSE, said IFCI, in a statement on the BSE website. IFCI, which lends for infrastructure projects, holds 5.44 per cent stake in the NSE and plans to sell a part of it.
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