IFCI stock rose 12.62 percent to touch intraday high of Rs 7.05 on the BSE after the announcement of stake sale in NSE.
Shares of state-run IFCI Ltd surged over 12 percent on Tuesday after it realised an amount of Rs 805.60 crore from divestment of 1.20 crore equity shares comprising 2.4 percent stake in National Stock Exchange of India Ltd (NSE).
The stock rose 12.62 percent to touch intra-day high of Rs 7.05 on the BSE after the announcement.
The amount of Rs 805.60 represents about 82 percent of the total committed amount and the process for receipt of approval for the remaining quantity was underway, the company said in an exchange filing.
Earlier on December 2, the company had informed that it received bids for sale of its entire stake in NSE.
At 1:05 pm, shares of IFSC rose 10.67 percent to Rs 6.95 on the BSE.