New India Assurance to Divest 29.83% Stake in NSE via OFS

The New India Assurance Company Ltd. announced its intention to divest 1,05,00,000 equity shares of the National Stock Exchange of India Ltd. (NSEIL) through an Offer for Sale (OFS) as part of NSEIL's Initial Public Offering (IPO). This divestment represents approximately 29.83% of the company's current holding in NSEIL. The transaction is subject to regulatory approvals. The shares have been transferred to an escrow account on September 8, 2026, with the sale expected to be completed by the end of September 2026. The company received a total dividend of Rs. 123,20,00,000 from NSEIL in FY 2025-26. The transaction is not considered a related party transaction and is outside any scheme of arrangement.