IFCI sells 0.17 per cent stake in NSE

Financial institution IFCI Limited has sold 0.17 per cent stake in the National Stock Exchange (NSE) for Rs 296 million. Without disclosing the name of the buyer, IFCI said it had sold 75,000 shares at Rs 3,950 each. In September, IFCI had sold 1.5 per cent in the NSE at Rs 3,900 per share, reducing its stake in the NSE to 3.5 per cent from the earlier 5 per cent.