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IDBI Bank sells stake in CCIL

IDBI Bank has exited Clearing Corporation of India (CCIL) after it sold its stake of 2.5% constituting 12.5 lakh equity shares. The price the bank will get for this exit is not disclosed. The bank said in a regulatory filing it has sold 12,50,000 equity shares constituting 2.5% of the paid-up capital of Clearing Corporation of India on 13 September.  State Bank of India, IDBI Bank, ICICI Bank, Life Insurance Corporation of India, Bank of Baroda and HDFC Bank are the six promoters of the company. The collective shareholding of the banks stands at 67.5%, 14% is held by financial institutions and the rest of 18.5% by primary dealers and other corporate bodies.

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