IFCI, a primary financial consultancy in India, announced that the company has made partial disinvestment to the extent of 1.5% of its stake in NSE i.e. 6,75,000 equity shares, to certain buyer, at price of Rs 3,900 a equity share, aggregating to Rs 2.63 billion on Sept. 15, 2015.
Earlier, the company disclosed 7.48% rise in standalone net profit to Rs 1,015.40 million for the quarter ended June 2015 from Rs 944.70 million in the same quarter last year.
Revenues for the quarter rose 22.03% to Rs 8,861.30 million, compared with Rs 7,262 million for the prior year period.
Shares of the company gained Rs 0.1, or 0.48%, to trade at Rs 20.95. The total volume of shares traded was 1,042,663 at the BSE (12.18 p.m., Wednesday).