Bank of Baroda Divests 35% NSE Stake via IPO

Divestment Details

The bank is proposing to divest up to 76,90,375 equity shares of NSE, which represents exactly 35% of the total shares held by Bank of Baroda in NSE. The divestment will be executed through an Offer for Sale mechanism as part of NSE's IPO process. This transaction is subject to obtaining all necessary regulatory approvals.

Financial Information

• Dividend received from NSE for FY 2025-26: ₹76,90,37,500
• The equity shares have been transferred to an "Escrow Account" on September 8, 2026
• Consideration from the sale will be received post the Offer for Sale process completion

Timeline

• Expected date of completion of sale: End of September 2026 (as indicated by NSE)
• Shares transferred to escrow: September 8, 2026

Transaction Characteristics

• The transaction does not qualify as a related party transaction
• The sale does not fall within related party transactions
• The transaction is not a slump sale
• The sale is not outside Scheme of Arrangement