IDBI Bank Limited (BSE:500116) has decided to sell its stakes in 19 unlisted companies for at least INR 1.75 Billion, showed a document seeking bids. According to the document, the bank is looking for bidders for more than 170 million shares in companies, including Neelachal Ispat Nigam Ltd, Haldia Petrochemicals Ltd, Gujarat NRE Coke Ltd, Konaseema Gas Power Ltd and Mysore Paper Mills Ltd. According to the document, the bank is looking for bidders for more than 170 million shares in companies, including Neelachal Ispat Nigam Ltd, Haldia Petrochemicals Ltd, Gujarat NRE Coke Ltd, Konaseema Gas Power Ltd and Mysore Paper Mills Ltd. A person aware of the development said, requesting anonymity, that in most of these companies IDBI Bank had converted debt to equity as part of stress resolutions, and now plans to exit them.