IFCI Limited has informed the Exchange regarding ''Sale of Stake in North Eastern Development Finance Corporation (NEDFi)"
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IFCI Limited has monetised its entire ~40% equity stake in North Eastern Development Finance Corporation (NEDFi), comprising 1 crore equity shares. The original cost of the investment was Rs 10 crore, and it has been sold for a total consideration of Rs 121.77 crore, generating a profit of around Rs 111.77 crore. NEDFi is a regional development finance institution focused on the North East region of India. The transaction was disclosed to the exchanges on December 30, 2025.
This is a positive development for IFCI shareholders as the company has unlocked significant value with an over 12x return on its original investment. The Rs 121.77 crore cash inflow will strengthen IFCI's balance sheet and can be deployed towards reducing debt or supporting its core lending activities.