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IFCI is hopeful of offloading a portion of its holding in the NSE in the next three months, its MD & CEO Malay Mukherjee has said.
This optimism stems from the fact that the PSU had recently roped in a new merchant banker — IDFC Securities — to find a buyer for a partial stake sale in the NSE.
“We are looking to offload 2.5 per cent stake — the same as in the process tried last year. We are now ready to part with even 2 per cent stake if we get a good price,” Mukherjee told BusinessLine .
Mukherjee said that IFCI already had a non-binding offer before it and expressed confidence of completing the stake sale this time around.
The IFCI Board had, in April last year, given its in-principle nod for 2.5 per cent stake sale in IFCI. PricewaterhouseCoopers was roped in to manage the stake sale process.
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