Business
India's IFCI gains on selling stake in North Eastern Development Finance Corp
India's IFCI gains on selling stake in North Eastern Development Finance Corp
About this update from 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)