Indian Bank to divest 17.9% of its holding in NSE via bourse's IPO
This story was originally published at 21:53 IST on 9 September 2026
Register to read our real-time news.Informist, Wednesday, Sept. 9, 2026
MUMBAI – Indian Bank Ltd. Wednesday said it plans to divest up to 1.5 million shares of National Stock Exchange of India Ltd. in the bourse's upcoming initial public offering. These shares, which represent 17.91% of the lender's total shareholding in NSE, will be sold through an offer for sale, subject to the receipt of all necessary regulatory approvals, the bank said in an exchange filing.
NSE is working towards launching its three-day initial public offering by Sept. 18, a person familiar with the development told Informist. The exchange had received approval from the Securities and Exchange Board of India for its draft red herring prospectus last week. In the public offer, few existing institutional and corporate shareholders are offloading nearly 149 million shares. There is no fresh issue of equity shares by the NSE.
For the June quarter, Indian Bank had reported net profit of INR 32.73 billion and a total income of INR 207.24 billion. Wednesday, its shares closed at INR 856.65 on the National Stock Exchange, down 0.4% from Tuesday. End
Reported by Arya S. Biju
Edited by Shubhayan Bhattacharya
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
