IDBI to sell stake in non-core biz

New Delhi: State-owned IDBI Bank on Tuesday said it proposes to dilute stake in some non-core businesses to shore up capital base. The board of the bank has approved in-principle the proposal to divest some of its noncore investments subject to compliance with all applicable laws and regulations and final approval obtained for each transaction, IDBI Bank said in a regulatory filing to the stock exchanges. PTI