New Delhi, Dec 12 (PTI) State-owned lender IDBI Banktoday said it will sell 30 per cent stake in NSDL e-GovernanceInfrastructure Ltd (NEGIL).
This is a part of exercise to exit from non-corebusiness.
The "board of directors of IDBI Bank... have by way ofcircular resolution approved sale of 1,20,00,000 equity sharesof NSDL e-Governance Infrastructure Ltd (NEGIL) constituting30 per cent stake held by the bank", it said in a filing tostock exchanges.
Last month, IDBI Bank's board also approved sale of 1.5per cent stake in the leading bourse National Stock Exchange(NSE).
The bank had sold 9 lakh equity shares constituting 2 percent of the paid-up capital of the NSE to LIC on March 30,2016. PTI SVKSBT.
This is unedited, unformatted feed from the Press Trust of India wire.