IFCI Limited

IFCI has informed the bourses that as against its earlier decision to sell the remaining 3.05 per cent stake (13,72,750 equity shares) in the NSE and the subsequent decision to withhold the process of this disinvestment, communicated to the stock exchanges, IFCI has offered to offload 25 per cent of its 3.05 per cent stake, i.e. 3,43,188 equity shares (pre-split) through the proposed IPO of the NSE. On Thursday, the stock breached its upper circuit at ₹27.15 to record an intra-day high at ₹28.4. Volumes zoomed more than 6.5 times. On the BSE, the stock jumped 13.4 per cent to close at ₹28 while on the NSE it had gained 14 per cent to end at ₹28.1.