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Idbi Bank Spots Equity Funds To Unload Stake

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BUSINESS STANDARD

IDBI Bank has finalised a list of private equity funds, which includes Newbridge Capital, which will pick up stakes in the bank through a preferential issue.

In the process, the holdings of Industrial Development Bank of India (IDBI) and Small Industries Development Bank of India (Sidbi) will come down.

The parent institution

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First Published: Jun 25 2002 | 12:00 AM IST

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