Bank of Baroda intends to divest up to 76,90,375 equity shares, representing 35% of its holding in the National Stock Exchange of India Limited (NSE). This sale will be conducted through an Offer for Sale (OFS) as part of NSE’s Initial Public Offering (IPO). The dividend received from NSE for FY 2025-26 was ₹76,90,37,500. The equity shares have been transferred to the ‘Escrow Account’ on September 8, 2026, with the sale completion expected by end of September 2026.
NSE Stake Divestment via IPO
Bank of Baroda has announced its intention to divest a substantial portion of its investment in the National Stock Exchange of India Limited (NSE). The proposed sale involves up to 76,90,375 equity shares, which constitutes 35% of the Bank’s total shareholding in NSE. This divestment will be executed through an Offer for Sale (OFS) mechanism, forming part of NSE’s forthcoming Initial Public Offering (IPO).
Financial Details and Timeline
For the financial year 2025-26, Bank of Baroda received a dividend amounting to ₹76,90,37,500 from its stake in NSE. As a preliminary step for the Offer for Sale process, the relevant equity shares were transferred to the designated ‘Escrow Account’ on September 8, 2026. The completion of this sale transaction is anticipated by the end of September 2026, subject to regulatory approvals and further indications from NSE.
Transaction Details
The Bank is offering its equity shares in NSE within the framework of the proposed NSE IPO. The consideration for this sale will be received post the completion of the Offer for Sale process. The announcement confirms that the transaction does not fall within the definition of related party transactions and is considered to be conducted at an ‘arm’s length’. Furthermore, the sale of this undertaking is not part of any Scheme of Arrangement and is outside the purview of regulation 37A of LODR Regulations.
Source: BSE
