Idfc Picks Up 5% Rbi Pie In Stci

The Infrastructure Development Finance Co-mpany Ltd (IDFC) has acquired a five per cent stake held by the Reserve Bank of India (RBI) in the Securities Trading Corporation of India (STCI).

The deal was struck at Rs 135 per share amounting to Rs 34 crore. The valuation has been done on the basis of the book-value as on March 31, 2001. With the stake transfer, the RBI has fully offloaded its 14.41 per cent stake in the primary dealing outfit.

An IDFC official said: