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Aditya Birla Capital planning to sell 15-20% stake in Idea Payments Bank: Report

20 Apr 2018 Evaluate

Aditya Birla Capital is reportedly planning to sell a minority stake of about 15-20% in its Idea Payments Bank to raise about Rs 200 crore for expanding its operations. Aditya Birla Nuvo and Idea Cellular have owned 49% and 51% stake respectively of the Payment Bank.

Aditya Birla Capital is one of the largest financial services players in India.

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