Shares of IFCI Ltd fell more than 4% on Wednesday after reports suggested that the National Stock Exchange could price its initial public offering below earlier indications and reduce the stake offered in the issue.
At 9:27 am, IFCI shares were trading 4.01% lower at Rs 88.90 on the NSE, compared with their previous close of Rs 92.61. The stock opened at Rs 92.50, touched a high of Rs 93.56 and slipped to an intraday low of Rs 88.31.
