Advertisement

IFCI Sells 40% Stake in NEDFi for ₹121.77 Crore

IFCI Limited monetises its 40% stake in NEDFi by selling 1 crore shares for ₹121.77 crore, strengthening liquidity and capital position.

IFCI Sells 40% Stake in NEDFi for ₹121.77 Crore

New Delhi: State-owned financial institution IFCI Limited has successfully monetised its 40 percent equity stake in North Eastern Development Finance Corporation Ltd (NEDFi), generating a total consideration of ₹121.77 crore.

 

Advertisement

According to an official exchange filing dated 30 December 2025, IFCI sold 1 crore equity shares of NEDFi, which were originally acquired at a cost of ₹10 crore. The transaction marks a significant value realisation for IFCI as part of its asset monetisation and financial strengthening efforts.

The company informed both the National Stock Exchange (NSE) and BSE Limited regarding the transaction under the disclosure requirements.

This strategic divestment is expected to improve IFCI’s liquidity position and support its ongoing restructuring and capital optimisation initiatives.

Get instant PSU updates on WhatsApp!

Join WhatsApp Channel
Advertisement

Disclaimer: All the articles and given information on this page are information based and provided by other sources.