NSE IPO: Indian Bank to Divest 17.91% of Its Stake via OFS

NSE cuts IPO size, may raise 23.5k crore

India Business News: MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to .

NSE IPO: Indian Bank to divest 17.91% of its stake via OFS

Indian Bank plans to divest up to 15,00,000 equity shares, constituting 17.91 per cent% of the shares held by it in National Stock Exchange of India Ltd, by way of offer-for-sale in NSE’s proposed IPO

NSE IPO: Indian Bank to divest up to 17.91% of its holding in National Stock Exchange via Offer for Sale

Indian Bank plans to sell up to 15 lakh equity shares in NSE via an Offer for Sale, representing 17.91% of its holdings, pending regulatory approvals. The sale is expected to finish by September 2026, following NSE's IPO.

NSE shrinks IPO size: It will now be the second biggest public issue; see details

NSE has filed an updated draft red herring prospectus with the Securities and Exchange Board of India, where it has shrunk the size of the issue from Rs 30,000 crore to Rs 23,000 crore. At Rs 30,000 crore it would have become the biggest issue in the Indian capital market.

NSE Slashes IPO Ambitions as World's Biggest Options Boom Fades

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