Dena Bank over 3% after lender decides to sell non-core assets

A total of 60.5 lakh shares in three entities, NSDL E-governance Infrastructure, NSDL, and SIDBI would be sold. Dena Bank’s stock rose over 3% after the public sector lender decided to sell a total of 60.5 lakh shares in three entities -- NSDL E-governance Infrastructure, NSDL, and SIDBI -- in a move to break away from its non-core assets. In a BSE filing, the Mumbai-headquartered bank stated that it will sell 6.25 lakh equity shares of Rs10 each in NSDL E-Governance Infrastructure, 6.25 lakh equity shares of Rs10 each in NSDL, and 48 lakh shares of Rs10 each in SIDBI.

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