Date: 09 September 2026
Divestment / Strategic Actions
Indian Bank is proposing to divest up to 15,00,000 equity shares of National Stock Exchange of India Limited (NSE) through an Offer for Sale in NSE's proposed Initial Public Offering (IPO). This represents 17.91% of the total shares held by the bank in NSE. The divestment is subject to requisite regulatory approvals.
Financial Impact
The dividend received from NSE for FY 2025-26 was ₹29,31,25,000 (₹29.31 crore), which represents the income contribution from this investment.
Transaction Details
- Date of Agreement: A consent letter for the Offer for Sale was executed on 09 September 2026.
- Expected Completion Date: End of September 2026 (indicative timeline)
- Consideration: Will be received post the Offer for Sale process completion
- Buyer Details: The bank is tendering equity shares in the Offer for Sale process of the NSE IPO
- Related Party Transaction: No
- Scheme of Arrangement: The sale does not fall under any Scheme of Arrangement
- Slump Sale: Not applicable