IDBI Bank to sell up to 49% shares in two subsidiaries, to retain controlling stake - Moneycontrol

IDBI Bank to sell up to 49% shares in two subsidiaries, to retain controlling stake - Moneycontrol

IDBI Bank said it will retain controlling stake in the subsidiaries with itself.

IDBI Bank will sell up to 49 per cent stake in its subsidiaries IDBI Capital Markets & Securities Ltd (ICMS) and IDBI Intech Ltd (IIL). The board of directors of IDBI Bank has given in-principle approval to divest or dilute IDBI Bank's stake in its subsi… [+783 chars]

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