New India Assurance gains for sixth straight week ahead of impending NSE IPO

IFCI

04/09/2026 09:45

** Shares of New India Assurance Co THEE.NS set to gain for sixth straight week, up around 25% so far this week
** New India Assurance holds a 1.42% stake in NSE
** National Stock Exchange NSEI.NS may get approval for IPO from SEBI next week, CNBC-TV18 reported on Friday citing sources
** NSEI may reveal IPO price band on Sept 11, it's management aims for listing on Sept 25 - CNBC-TV18 report
** NSEI did not immediately respond to Reuters' requests for comments 
** IFCI IFCI.NS, which holds 4.4% stake in NSEI through its unit Stock Holding Corporation of India, is set to gain for fourth straight week, up ~14% so far this week 
** YTD, THEE up ~49% and IFCI up ~94%

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))