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IDBI Bank sells 2.5% stake in Clearing Corporation of India

CCIL facilitates clearing and settlement of transactions in money, government bonds, foreign exchange and derivative markets

Press Trust of India  |  New Delhi 

IDBI Bank
IDBI Bank

Public sector on Thursday said it has sold 12.5 lakh equity shares in (CCIL) for an undisclosed amount.

"has sold 12,50,000 equity shares constituting 2.5 per cent of the paid up capital of Ltd on September 13, 2017," the bank said in a regulatory filing.


facilitates clearing and settlement of transactions in money, government bonds, foreign exchange and derivative markets.

State Bank of India, IDBI Bank, ICICI Bank, (LIC), and HDFC Bank Ltd are the six promoters of the company.

The collective shareholding of the bank stands at 67.50 per cent, 14 per cent is held by financial institutions and the rest of 18.50 per cent is owned by primary dealers and other corporate bodies.

stock closed 1.53 per cent higher at Rs 56.55 on BSE today.

First Published: Thu, September 14 2017. 20:10 IST
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