Center coverage
IFCI shares fall 4% on reports of lower price band for NSE IPO
How center-leaning outlets frame this story · 1 source.
Comprehensive summary
- IFCI shares fall 4% on reports of lower price band for NSE IPO
Primary framing
“IFCI shares fall 4% on reports of lower price band for NSE IPO”
IFCI shares fell sharply on Wednesday after reports suggested NSE could price its IPO below earlier indications and reduce the stake offered. The proposed price band of Rs 1,700–1,785 values NSE at around Rs 4.4 lakh crore. IFCIs indirect exposure to NSE through Stock Holding Corporation has put its shares under pressure.
Key facts
- The stake offered in the issue may be reduced
- IFCI shares fell 4% on Wednesday
- NSE could price its IPO below earlier indications
- The stake offered in the issue may be reduced
Center-leaning outlets
- Economic Times (IN)