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

IFCI

31/12/2025 07:26

** Shares of IFCI IFCI.NS 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)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))