IFCI sells NSE stake for ₹806 crore
ADVERTISEMENT
The government-owned infrastructure lender IFCI said it has sold its stake in the National Stock Exchange. “This is to inform that IFCI has realised an amount of approximately ₹805.60 crore, representing about 82% of the total committed amount. Process for receipt of approval for remaining quantity is underway,” the non-banking financial company said in a notification to exchanges on Tuesday.
The company’s share price jumped 11.5% during intraday trade on Tuesday. The stock closed 7.14% higher at ₹6.76 per share on a day when the S&P BSE Sensex shed 0.44% to end the trading session at 41,461.26 points.
On December 2, the state-owned infrastructure lender had informed exchanges that it had got bids from buyers for its 2.44% stake in the National Stock Exchange. The stake sale values the NSE at around Rs 40,000 crore.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
IFCI posted a net profit of ₹32.33 crore in the September quarter compared to a net loss of ₹5.53 crore a year ago. The government owns 56.43% stake in the shadow bank.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.