Sale of stake in NSE: IFCI in­vites bids

The Hindu Business Line - - MARKET WATCH - PTI

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.

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