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Shares of IDBI Bank Ltd today gained 2.1 per cent as the bank has sold 2.9 million shares or 10 per cent of equity in Credit Analysis and Research Ltd (CARE) to Life Insurance Corp.
The bank’s board had in December approved the selling of shares in CARE.
IDBI Bank had 16.62 per cent stake in CARE before the transaction, according to BSE filing.
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