IFCI spikes 10% after announcing realization of Rs805cr post divestment in NSE.

IFCI informed the exchanges that it has realized an amount of ~Rs805.60cr, representing about 82% of the total committed amount from the disinvestment of company's entire stake in National Stock Exchange of India.

IFCI's disinvestment comprises 1,20,66,871 number of equity shares aggregating to 2.44% of the total equity shares of NSE.

The process for receipt of approval for remaining quantity is underway, the company added.

IFCI Ltd is currently trading at Rs6.95 up by Rs0.67 or 10.67% from its previous closing of Rs6.28 on the BSE.

The scrip opened at Rs6.30 and has touched a high and low of Rs7.05 and Rs6.30 respectively. So far 66,49,549 (NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs1,065.08cr.

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