India's IFCI extends rally on reports NSE may file IPO papers next week
Mon 07:31
BUZZ-India's IFCI extends rally on reports NSE may file IPO papers next week ** Shares of India's IFCI IFCI.NS climb 7.34% to 90.80 rupees
** Financial services firm extends gains from Friday, when the stock hit its 20% upper circuit
** Stock extends gains after media reports said National Stock Exchange (NSE) could file draft IPO papers with market regulator SEBI as early as next week
** IFCI owns a 52.86% stake in Stock Holding Corporation of India, which in turn held a 4.44% stake in NSE as of March 31, company and exchange data shows
** YTD stock up 70.02%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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