India: IFCI divests 0.17% more in National Stock Exchange for $4.5m

Financial institution IFCI Ltd on Wednesday said it has sold another small tranche of shares from its holding in the National Stock Exchange Ltd (NSE). In a notice to the exchanges, IFCI said it has sold 0.17% in IFCI for Rs.29.63 crore.

IFCI said it sold 75,000 shares at Rs.3,950 apiece, without disclosing the name of the buyer. At this price, the exchange is valued at Rs.18,170 crore. In September, IFCI had sold 1.5% in the NSE at Rs.3,900 a share. It now holds a little under 3.5% in the NSE.

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