IDBI reduces stake in IFCI by 2.06 %

New Delhi, May 29 (UNI) Industrial Development Bank of India Ltd today said it has reduced its equity stake in Industrial Financial Corporation of India by 2.06 per cent to 13.24 per cent.

''IDBI has sold 1,31,36,378 shares aggregating to 2.06 per cent of the total share capital of IFCI Ltd. The shareholding of IDBI after the sale is 8,45,54,203 shares aggregating to 13.24 per cent of the total paid up capital of IFCI Ltd,'' IFCI informed the exchange through a release.

The date of sale is during April 13, 2006 to May 10, 2006, it added.

UNI CS PV PM1804