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Bank of Baroda to Sell 35% NSE Stake Through IPO
Bank of Baroda owns some shares in the National Stock Exchange of India.
It plans to sell up to 35% of the NSE shares it owns.
The sale would happen when NSE offers shares to the public through an IPO.
An IPO is a process in which a company’s shares become available to public investors.
The shares have been placed in an escrow account while the sale is arranged.
The transaction still needs all required regulatory approvals.
Reports say the IPO may open on September 18 and begin trading on September 25.
NSE has not officially confirmed those dates.
Bank of Baroda plans to sell up to 7,690,375 NSE shares, equal to 35% of its holding.
The shares will be sold through an Offer for Sale in NSE’s proposed IPO, subject to regulatory approvals.
The shares were transferred to an escrow account on September 8, 2026, with completion expected by the end of September.
NSE’s IPO will consist entirely of up to 149 million shares sold by existing institutional shareholders.
The IPO could reportedly open on September 18 and list on September 25, although NSE has not officially confirmed the calendar.
- Who
- Bank of Baroda and existing institutional shareholders of the National Stock Exchange of India.
- What
- Bank of Baroda proposes to sell up to 7,690,375 NSE shares through an Offer for Sale in NSE’s IPO.
- Where
- Through the National Stock Exchange of India’s proposed public offering in the Indian stock market.
- When
- The shares were transferred to escrow on September 8, 2026; completion is expected by the end of September 2026. The IPO may open on September 18 and list on September 25, according to reports.
- Why
- To divest part of Bank of Baroda’s NSE holding as part of an IPO that will consist entirely of shares sold by existing institutional shareholders.
Key facts
- Seller
- Bank of Baroda
- Shares offered by Bank of Baroda
- Up to 7,690,375 equity shares
- Share of Bank of Baroda’s NSE holding
- 35%
- IPO structure
- Entirely an Offer for Sale; no fresh equity will be issued
- Total shares in proposed IPO
- Up to 149 million equity shares, representing 6% of NSE’s paid-up capital
- Reported IPO dates
- Expected opening: September 18; expected listing: September 25
- Estimated IPO size
- Around ₹30,000 crore, according to market estimates
- Regulatory status
- Subject to applicable regulatory approvals; NSE has received approval from Sebi to raise funds
Quotes
Bank of Baroda
Bank of Baroda, in an exchange filing announcing the proposed NSE stake sale
“We advise that the Bank of Baroda is proposing to divest upto 76,90,375 equity shares, being equivalent to 35% of the shares held by the Bank in National Stock Exchange of India Limited (NSE), by way of Offer for Sale through Initial Public Offering, subject to all regulatory approvals”
livemint.com
Sources
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