NSE IPO impact: IFCI shares recover 6% after last session's crash (opens original article in a new tab)

IFCI shares recovered 6% after a previous 9% decline, driven by optimism around the NSE IPO, which has been delayed for a decade and involves an offer for sale of up to 14.89 crore shares worth $3 billion.

• IFCI shares rebounded 6% after a 9% drop in the previous session
• NSE filed its Draft Red Herring Prospectus (DRHP) with SEBI for a $3 billion IPO
• IFCI has indirect exposure to NSE through its stake in Stock Holding Corporation of India (SHCIL)