IDBI sells 2 pc stake in NSEIL to Mauritius firm

Mumbai, June 29: Industrial Development Bank of India (IDBI) today announced that it has sold its 9 lakh equity shares that constitute 2 per cent stake in the National Stock Exchange of India Ltd (NSEIL) to Mauritius-based MS Strategic Ltd for US 50 million dollars, said the bank in a statement here today.

The sale was done pursuant to the approval received from the concerned statutory and regulatory authorities, it added.

UNI