Sale of stake in NSE: IFCI invites bids
IFCI Ltd has sought bids from merchant bankers for sale of 0.86 per cent stake or 42.4 lakh shares, held by it in the NSE, according to a tender notice on the company’s website. The last date for submission of bids is December
15. Currently, IFCI holds 3.05 per cent stake in the bourse. Of this, it had announced sale of 0.69 per cent stake, through NSE’s IPO. The IPOis yet to be announced. IFCI has set December 27 as deadline for submission bids for stake sale.