Ifci LimitedNSE: IFCI

India's IFCI gains on selling stake in North Eastern Development Finance Corp

· Issued by Ifci Limited

** Shares of IFCI NSE:IFCI rise 6% to 53.49 rupees

** Development finance institution monetises 10% stake in North Eastern Development Finance Corp for 1.22 bln rupees ($13.6 mln)

** Trading volume at 41.2 mln shares so far, nearly 8x 30-day average

** IFCI down 14% YTD

($1 = 89.8740 Indian rupees)

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