New Delhi, June 24 -- Government-owned Non Banking Financial Company IFCI is looking to sell its stakes in National Stock Exchange (NSE) and Clearing Corporation of India (CCI) which it says can fetch up to Rs 2,000 crore depending on the market conditions.
"IFCI is aiming to garner Rs 1,500-Rs 2,000 crore from the strategic sales of its stakes in CCI and NSE provided market conditions are equally conducive", E. Sankara Rao, MD & CEO, IFCI has said.
In January 2018, IFCI sold 0.20 per cent stake in NSE for Rs 92.51 crore. IFCI currently holds about 3 per cent stake in the NSE.
Rao said after SEBI has passed the order on the NSE's co-location scam, the road is clear for the stake sale provided market conditions are also good.
The MD said...