 "IDBI Bank to sell entire stake in NSDL")
Capital-starved IDBI Bank is selling its entire 30 per cent stake in National Securities Depository Limited (NSDL) as part of its plans to monetise non-core investments to raise resources.
NSDL is promoted by IDBI, the National Stock Exchange (NSE), and the Specified Undertaking of the Unit Trust of India (SUUTI).
The public sector lender has roped in ICICI Securities to advise and manage the process of divestment of its 12 million shares (30 per cent of NSDL’s paid-up capital).
NSDL, the first and largest depository in India, was established in August 1996, and has developed infrastructure of international standards since. It handles most
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