AnalysisFinanceInFocusNewsPolicies

IDBI Bank to Sell 30 % Stakes of NSDL E-Governance Infrastructure Ltd

Sharing is caring!

IDBI Bank recently made an announcement that it will sell 30 per cent stake in NSDL e-Governance Infrastructure Ltd (NEGIL).

This is a part of exercise to exit from non-core business. The “board of directors of IDBI Bank have by way of circular resolution approved sale of 1,20,00,000 equity shares of NSDL e-Governance Infrastructure Ltd (NEGIL) constituting 30 per cent stake held by the bank”, it said in a filing to stock exchanges.

Last month, IDBI Bank’s board also approved sale of 1.5 per cent stake in the leading bourse National Stock Exchange (NSE).

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: