IFCI sells its 1.64 per cent stake in Welspun Syntex

State-owned financial institution IFCI today said it has sold its 1.64 per cent stake in Welspun Syntex Ltd for about Rs 1.6 crore.
The company has has sold 6,43,080 equity shares of Welspun Syntex Ltd on yesterday through secondary market, IFCI said in a statement.
Shares of Welspun Syntex Ltd closed at Rs 25 per unit yesterday on the BSE.
Welspun Syntex is the flagship company under the Welspun umbrella. Set-up in 1983, it is amongst the largest manufacturers and exporters of polyester texturised filament yarn, nylon filament yarn.
Shares of the company closed at Rs 24.45, down 0.20 per cent on the BSE today.