IFCI plans to sell its remaining stake in National Stock Exchange

State-owned non-banking financial company IFCI is planning to sell its remaining stake in the National Stock Exchange. In an exchange filing, IFCI said it was planning to sell 12 million shares, comprising 2.44 per cent, it holds in the exchange. IFCI has sold its stake through various tranches over the past three years. IFCI had planned to sell its stake through NSE’s IPO. However, the inordinate delay in the launch of its IPO led to IFCI looking for alternative ways.