IFCI surges over 15% on heavy volumes
The stock up 17% to Rs 27.45 on the National Stock Exchange in intra-day trade
 "IFCI surges over 15% on heavy volumes")
IFCI has moved higher by 17% to Rs 27.45 on the National Stock Exchange (NSE) on back of heavy volumes. According to reports the India’s biggest bourse plans to file a draft prospectus for an initial public offering (IPO).
The state-owned financial institution IFCI, along with its associate company Stock Holding Corporation of India, owns 4.44% stake in NSE.
The exchange has finalised the list of shareholders that will be tendering their shares in its much-awaited IPO.
The top shareholders that would be tendering their shares in the IPO include Aranda Investments, Saif Partners, Goldman Sachs, State Bank of India (SBI), IFCI, and Norwest Ventures, the Business Standard report suggests quoting sources. CLICK HERE TO READ FULL REPORT.
At 01:19 pm; the stock was up 16% to Rs 27.20, as compared to a marginal 0.07% rise in the Nifty50 index. The trading volumes on the counter jumped more than five-fold with a combined 38.05 million shares changed hands on the NSE and BSE so far.
The state-owned financial institution IFCI, along with its associate company Stock Holding Corporation of India, owns 4.44% stake in NSE.
The exchange has finalised the list of shareholders that will be tendering their shares in its much-awaited IPO.
The top shareholders that would be tendering their shares in the IPO include Aranda Investments, Saif Partners, Goldman Sachs, State Bank of India (SBI), IFCI, and Norwest Ventures, the Business Standard report suggests quoting sources. CLICK HERE TO READ FULL REPORT.
At 01:19 pm; the stock was up 16% to Rs 27.20, as compared to a marginal 0.07% rise in the Nifty50 index. The trading volumes on the counter jumped more than five-fold with a combined 38.05 million shares changed hands on the NSE and BSE so far.