IFCI, a primary financial consultancy in India, has offered to offload 25% of its 3.05% stake, i.e. 3,43,188 equity shares (pre-split) through IPO of NSE.

This disclosure is being given on filing of the Draft Red Herring Prospectus by NSE with SEBI.

The company had earlier decision of IFCI to sell remaining 3.05% (13,72,750 equity shares) stake in equity of NSE.

IFCI was established with intent to provide long-term finance needs of the industrial sector.

Shares of the company declined Rs 0.6, or 2.14%, to trade at Rs 27.40. The total volume of shares traded was 1,673,892 at the BSE (10.33 a.m., Friday).