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IDBI Bank sells NSE stake to Life Insurance Corp. of India

on March 30 sold900,000 equity shares in National Stock Exchange of India Ltd., or 2% of thestock exchange's paid-up capital, to Life Insurance Corp. of India, the bank said in a March31 filing.

IDBIBank was previously reported to be eyeing a sale of shares in NSE by March so that funds raisedwould be realized in the company's balance sheet for the fiscal year.