The New India Assurance Co. Ltd. has 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 29.83% of the company’s current holdings in NSEIL and is subject to regulatory approvals. The transaction is expected to conclude by the end of September 2026.
Strategic Divestment of NSEIL Shares
The New India Assurance Co. Ltd. has officially communicated its plan to divest a substantial portion of its investment in the National Stock Exchange of India Ltd. (NSEIL). The company proposes to sell 1,05,00,000 equity shares of NSEIL, a move that represents approximately 29.83% of its total shareholding in the stock exchange. This strategic divestment is set to occur through an Offer for Sale (OFS) mechanism, which will be an integral part of NSEIL’s upcoming Initial Public Offering (IPO).
Transaction Details and Timeline
The proposed transaction is contingent upon securing all necessary regulatory approvals. The equity shares intended for sale have already been transferred to an “Escrow Account” on September 8, 2026, as a preparatory step for the Offer for Sale process. The expected completion date for this sale is the end of September 2026, as indicated by NSE. The consideration from this sale will be received by The New India Assurance Co. Ltd. post the completion of the Offer for Sale process.
Dividend Received and Future Outlook
In the financial year 2025-26, The New India Assurance Co. Ltd. received a total dividend of Rs. 123,20,00,000 from its investment in NSEIL. The company has confirmed that the divestment is not part of any related party transaction and is conducted at arm’s length. The transaction is also outside any Scheme of Arrangement, with no specific disclosures required under Regulation 37A of LODR Regulations. The company is tendering its equity shares of NSEIL as part of the proposed NSE IPO.
Source: BSE
