Archive · 31 Aug 2026
SBI Group Plans 1% NSE Stake Sale in Proposed IPO
State Bank of India and its investment-banking subsidiary own parts of the National Stock Exchange.
They plan to sell some of those shares when NSE launches its proposed IPO.
SBI may sell 0.65% and SBI Capital Markets may sell 0.35%.
Together, this would be about 1% of NSE, although the amount could be lower if other shareholders also sell.
SBI currently owns 3.23% of NSE, and SBI Capital Markets owns 4.33%.
SBI recently reduced its holding in SBI Mutual Fund with partner Amundi during a successful public offering.
SBI also expects its home-loan business to become larger than ₹10 lakh crore this quarter.
The bank said it does not immediately plan to sell stakes in its other subsidiaries.
State Bank of India plans to sell 0.65% of its National Stock Exchange stake through the proposed ₹30,000-crore IPO.
SBI Capital Markets plans to sell another 0.35%, bringing the SBI group’s proposed dilution to about 1%.
The final sale could be smaller if other NSE shareholders also participate in the public offering.
SBI currently owns 3.23% of NSE, while SBI Capital Markets owns 4.33%.
SBI Chairman C S Setty said the bank’s home-loan portfolio could cross ₹10 lakh crore this quarter, while ruling out immediate monetisation plans for other subsidiaries.
- Who
- State Bank of India, SBI Capital Markets, and SBI Chairman C S Setty.
- What
- The SBI group plans to dilute up to 1% of its combined stake in the National Stock Exchange through NSE’s proposed IPO.
- When
- Through the proposed ₹30,000-crore IPO; no specific IPO date was provided. Setty said the home-loan portfolio could cross ₹10 lakh crore in the current quarter.
- Where
- The stake sale concerns the National Stock Exchange in India.
- Why
- The SBI group is participating in the divestment of existing NSE shares through the public offering.
- Proposed NSE IPO size
- ₹30,000 crore
- SBI planned dilution
- 0.65% stake
- SBI Capital Markets planned dilution
- 0.35% stake
- Current SBI NSE holding
- 3.23%
- Current SBI Capital Markets NSE holding
- 4.33%
- Potential combined dilution
- About 1%, potentially less if other NSE shareholders participate
- SBI home-loan portfolio target
- More than ₹10 lakh crore during the current quarter
- Recent SBI Mutual Fund offer
- SBI and Amundi together diluted around 10% in a ₹9,800-crore public offer that was subscribed 42 times
