Infrastructure term-lender IFCI today said it has partially divested its stake in NSE worth over Rs 93.93 crore.
IFCI has made partial divestment of its stake in NSE to the extent of 0.22 per cent of the total number of equity shares of NSE comprising of 10,75,000 equity shares at the rate of Rs 873.74 per share on March 21, 2018, it said in a regulatory filing.
The board of directors of the company, in a meeting held on September 25, 2017, had approved the sale of 42,43,370 equity shares comprising of 0.86 per cent of the total shares of NSE to one or more buyers in part or full, it added.
Shares of IFCI closed 0.98 per cent lower at Rs 20.15 on BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app