IDBI Bank sells entire 30% stake in NSDL e-Governance Infrastructure

image

NEW DELHI: Public sector IDBI Bank on Thursday said it has sold its entire 30 per cent stake in NSDL e-Governance Infrastructure for an undisclosed amount.

“IDBI Bank has sold entire 1,20,00,000 equity shares constituting 30 per cent of the paid up capital of NSDL e-Governance Infrastructure Ltd (NEGIL) on February 15, 2018,” IDBI Bank said in a regulatory filing.

NEGIL, as per the company website, is promoted by IDBI Bank, NSE Strategic Investment Corporation of Ltd and The Specified Undertaking of the Unit Trust of India (SUUTI) .

SBI, Oriental Bank of Commerce, HDFC Bank, Axis Bank, Deutsche Bank, Union Bank of India, HSBC, Standard Chartered Bank, Dena Bank and Canara Bank are the shareholders.

Share of IDBI Bank closed 2.76 per cent down at Rs 63.50 on BSE.

Source: Economic Times