Shares of IFCI jumped another 6% on Monday after Sebi approved the much-awaited IPO of the National Stock Exchange (NSE), clearing a key hurdle for its planned listing.
Sebi approved NSE’s draft offer document on Friday, according to its website. The IPO, expected to raise around Rs 30,000 crore, will comprise an offer-for-sale (OFS) of up to 14.89 crore equity shares.
