Canara Bank proposes to sell its stake in SIDBI

State-owned Canara Bank said Monday it proposes to sell 1 crore shares in Small Industries Development Bank of India (SIDBI). It has invited bids at a floor price of Rs 225 per share, according to the Request for the Proposal floated by the bank.

Besides, the bank also intends to sell 4 lakh shares in NSDL at a floor price of Rs 850 per unit. The last date for submission of bids is February 18, it said.