India's IFCI, New India Assurance gain on reports of NSE IPO launch this month
02/09/2026 09:27
BUZZ-India's IFCI, New India Assurance gain on reports of NSE IPO launch this month Sept 2 (Reuters) - ** Shares of IFCI IFCI.NS and New India Assurance Company THEE.NS surge 12% and 6%, respectively
** Unconfirmed media reports said National Stock Exchange of India NSEI.NS's IPO could be launched this month, prompting buying interest in stocks of cos that hold stakes in NSEI
** NSE, IFCI, New India Assurance did not immediately respond to Reuters' requests for comments
** State-owned IFCI's unit Stock Holding Corporation of India owns a 4.4% stake in NSEI
** New India Assurance holds a 1.42% stake
** Over 229 mln IFCI shares traded, 8x the 30-day avg; over 13.8 mln THEE shares traded, 4.4x the 30-day avg
** YTD, IFCI up ~85%, THEE up 26%
(Reporting by Aleef Jahan in Bengaluru)
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India's IFCI, New India Assurance gain on reports of NSE IPO launch this month
Brief: IFCI Ltd June-Quarter Consol Net Profit 335.2 Million Rupees