Bank of Baroda to Divest 35% Stake in NSE via IPO

Bank of Baroda announced its intention to divest up to 76,90,375 equity shares, representing 35% of its holding in the National Stock Exchange of India Limited (NSE). This divestment will occur through an Offer for Sale (OFS) as part of NSE's Initial Public Offering (IPO). The bank received a dividend of ₹76,90,37,500 from NSE for FY2025-26. The equity shares have been transferred to an "Escrow Account" on September 8, 2026, with the sale completion expected by the end of September 2026, subject to regulatory approvals. The consideration from the sale will be received post the IPO process. This transaction is not considered a related party transaction and is outside any scheme of arrangement.