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IFCI offloads 0.20% stake in NSE for Rs 92.51 cr

Press Trust of India  |  New Delhi 

has sold 0.20 per cent stake in stock exchange for Rs 92.51 crore.

The company has made partial disinvestment to the extent of 10,00,000 number of equity of National Stock Exchange of Ltd (NSE) at the rate of Rs 925.10 per equity share, said in a regulatory filing.

In September 2017, the board had approved sale of 0.86 per cent stake in to one or more interested buyers in part or full.

According to the website, as on September 30, 2017, IFCI held 3.05 per cent in the stock exchange.

IFCI, the country's oldest financial institution, initially held 12.44 per cent stake in NSE, but sold 7 per cent to the Group, the NYSE Group, Atlantic LLC and Softbank in 2007.

IFCI has been selling stake in NSE from time to time.

NSE's other major shareholders include LIC (12.51 per cent), investment firms SAIF II Mauritius Ltd (5 per cent) (3 per cent).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 13:30 IST