The Board of Directors of National Stock Exchange of India Limited (NSE) has approved the divestment of up to 40% stake in its wholly-owned subsidiary, National Coal Exchange of India Limited. This strategic move, approved during the board meeting on November 3, 2026, will be executed through a secondary sale of equity shares. The company also approved its audited financial results for the quarter and half year ended September 30, 2026.
NSE Board Approves Strategic Divestment
In a significant strategic decision, the Board of Directors of National Stock Exchange of India Limited (NSE) has given its approval for the divestment of up to 40% of its stake in its wholly-owned subsidiary, National Coal Exchange of India Limited. This decision was made during the Board meeting held on November 3, 2026.
Divestment Details
The divestment will be carried out through a secondary sale of equity shares in one or more tranches. This move is expected to reshape NSE’s investment portfolio and potentially unlock value from its subsidiary.
Financial Results Approved
Concurrently, the Board also approved the audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. These results were presented along with an unmodified opinion from the Statutory Auditors, forming part of Annexure A to the disclosure.
The meeting commenced at 1:30 PM and concluded at 4:53 PM on November 3, 2026.
Source: BSE
