NSE stakeholders NIACL, IFCI shares fall up to 12% as IPO GMP drops

Shares of New India Assurance Company (NIACL) and IFCI fell on Tuesday as investors booked profits in NSE IPO beneficiary stocks amid a decline in GMP. NIACL shares fell over 13% to ₹199.50, while IFCI dropped nearly 10% to ₹92.70. IFCI indirectly holds a 4.4% NSE stake through SHCIL, while NIACL directly owns a 1.42% stake.