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IDBI Bank stated, it has sold 1% stake in Small Industries Development Bank of India(Sidbi), without disclosing the amount,for mobilizing funds by exiting non-core business.
In a regulatory filing IDBI Bank said, it has sold 53,19,220 shares constituting 1% paid up capital of Sidbi.
Further the bank said, the sale took place on September 22, but it did not disclose the name of the buyer.
