IFCI offloads 0.34 pc stake in NSE for Rs 59.2 cr

Infrastructure lender IFCI has sold its 0.34 per cent stake in stock exchange NSE for Rs 59.2 crore.

The company has made partial disinvestment to the extent of 1,50,000 number of equity shares of National Stock Exchange of India Limited at the rate of Rs 3,950 per equity share, IFCI said in a regulatory filing.

Earlier in September, 2015, IFCI sold 1.5 per cent of its stake in the bourse for Rs 263.25 crore and subsequently sold 0.17 per cent stake in NSE for Rs 29.63 crore.