IFCI sells 0.5% stake in NSE for ₹89 cr

Shares of IFCI will remain in focus, as the company sold 0.5 per cent stake in NSE for ₹89 crore. IFCI sold 2.25 lakh shares in NSE at ₹3,950 a share. IFCI has, however, put on hold selling its remaining 3.05 per cent stake in NSE. Last week, SBI had sold 5 per cent stake in the bourse to Mauritius-based Veracity Investments for ₹911 crore, valuing the exchange at over ₹18,200 crore. IFCI shares may react positively to the development.