Indian Bank to Sell 17.91% Stake in NSE for IPO

Indian Bank announced its intention to divest up to 15,00,000 equity shares, representing 17.91% of its holding in the National Stock Exchange of India Limited (NSE). This sale will be conducted through an Offer for Sale (OFS) as part of NSE's proposed Initial Public Offering (IPO). The consent letter for this transaction was executed on September 9, 2026, with the sale expected to be completed by the end of September 2026. The dividend received from NSE for FY 2025-26 was ₹29,31,25,000. The consideration for the sale will be received post the OFS process. This transaction is not considered a related party transaction.