IDBI Bank pares stake in National Stock Exchange

By PTI
21 February, 2017

State-owned IDBI Bank today said it has sold 2 per cent stake in National Stock Exchange to country’s largest insurer LIC.

The bank has sold 9 lakh equity shares constituting 2 per cent of the paid-up capital of the National Stock Exchange to LIC on March 30, IDBI Bank said in a statement.

However, the bank did not disclose the deal value.

With this, the stake of IDBI Bank in NSE has come down to 3 per cent from 5 per cent earlier.

Last year, another public sector lender IFCI had sold a 1.5 per cent stake in NSE for Rs 263.25 crore at a price of Rs 3,900 per share.

NSE’s other major shareholders include LIC (12.51 per cent), SBI (10.19 per cent), Stock Holding Corporation of India (5 per cent), IDFC (3.90 per cent) and many investment firms.


Leave Your Comment
IDBI invites EoI for sale of 5% stake in NSE

IDBI invites EoI for sale of 5% stake in NSE

Anuradha Verma 3 years ago
Public sector lender IDBI Bank Ltd has invited an expression of interest (EoI) for the sale of its entire 5 per cent equity stake in...
SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B

SHCIL, IFCI Offload NSE Shares; Reported Valuation Of NSE $4B

Madhav A Chanchani 9 years ago
India’s largest stock exchange National Stock Exchange (NSE) continues to be the favourite among investors. Hero Honda and Srei Infrastructure Finance have acquired stakes from...
IFCI part-exits National Stock Exchange for $40M

IFCI part-exits National Stock Exchange for $40M

Bhawna Gupta 2 years ago
State-run lender IFCI Ltd has part-exited its investment in the National Stock Exchange Ltd (NSE) by selling 1.5 per cent stake for Rs 263.25 crore...
No Comments

IDBI Bank pares stake in National Stock Exchange

Powered by WordPress.com VIP