IFCI is going to sell its entire 26 percent stake in Tourism Finance Corporation of India (TFCI).

BN Nayak, CFO&ED of IFCI has said that We have around 3.05 percent stake in NSE of which we have already offered 0.75 percent in their offer for sale (OFS) but because of certain issues, NSE’s initial public offering (IPO) has not come. So we do not intend to sell any stake beyond this 0.75 percent in NSE before its IPO.

The company has exposure, of Rs 1,888 crore, to six out of 12 accounts sent to National Company Law Tribunal (NCLT).

Read EquityPandit’s Technical Analysis of Indian Stock Market