Today: 13 March 2026
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NASDAQ:ELPW 31 January 2026 - 2 February 2026

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  • IFCI Shares Surge 11% as NSE IPO Appointment Boosts Market Sentiment
    March 13, 2026, 6:22 AM EDT. Shares of IFCI Ltd jumped 10.75% to ₹59.84 following the National Stock Exchange's move to appoint 20 merchant bankers and eight law firms to manage its upcoming IPO. IFCI holds a 52.86% stake in Stock Holding Corporation of India Ltd (SHCIL), which owns a 4.4% stake in NSE, providing IFCI with indirect NSE exposure. Market participants see NSE's listing as a value unlock for stakeholders, including IFCI. NSE's largest shareholder is Life Insurance Corporation of India (LIC) with 10.72%. The recent advisory appointments signal IPO progress, attracting investor optimism amid expectations of significant market impact.
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