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Informist, Tuesday, Sept. 8, 2026

 

--Bank of Baroda to divest 35% of its stake in NSE via exchange's IPO

 

NEW DELHI – Bank of Baroda plans to sell 7.69 million equity shares of National Stock Exchange Ltd., representing 35% of its stake in the exchange, as part of the exchange's proposed initial public offering. The shares will be sold through an offer for sale, the bank said in an exchange filing Tuesday.

 

"As part of the offer for sale process the equity shares have been transferred to the 'Escrow Account' on 08th September 2026 (Sept. 8)," the filing said. The lender expects the stake sale to be completed by the end of September, as indicated by NSE, it added. The lender has received INR 769.04 million as dividend from NSE for 2025-26 (Apr-Mar).

 

For the June quarter, the bank reported a net profit of INR 12.78 billion on total income of INR 366.81 billion. Tuesday, the bank's shares ended at INR 236.60 on the NSE, down 0.2% from the previous close.  End

 

Reported by Shweta

Edited by Saji George Titus

 

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