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IDBI Bank sells 4.89% stake in SIDBI

30 Dec 2017 Evaluate

IDBI Bank has sold further 2,60,00,000 equity shares constituting 4.89% of the paid up capital of Small Industries Development Bank of India (SIDBI) on December 29, 2017.

Recently, the bank had received an approval for sale of 1,20,00,000 equity shares of NSDL e-Governance Infrastructure (NEGIL) constituting 30% of its total paid up equity capital held by the bank.

IDBI Bank is the youngest, new generation public sector universal bank that rides on a cutting edge Core Banking platform with strong service orientation.


Peers
Company Name CMP
HDFC Bank 787.00
ICICI Bank 1569.00
Axis Bank 1320.00
Kotak Mahindra Bank 480.00
Indusind Bank 910.00
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