IDBI's 30% stake sale in NSDL delayed; transaction may spill over to FY19

IDBI Bank has been selling non-core investments through 2017-18

IDBI Bank’s sale of a 30 per cent stake in National Securities Depository (NSDL) has been delayed and any gains will accrue only in the next financial year (FY19). 

While it finalised the sale of a 7 per cent stake in December 2017, the Mumbai-based public sector lender was still working on completing process work for the deal, banking sources said. As for the balance 23 per cent, it was difficult to get investors or institutional investors, pushing sale to the first quarter of the next financial year.

The bank’s executives confirmed they were facing challenges in attracting investors for