The Board of Directors of the 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. The divestment will occur through a secondary sale of equity shares. The board also approved the audited financial results for the quarter and half year ended September 30, 2026.
NSE Board Approves Strategic Divestment
In a significant strategic move, the Board of Directors of the National Stock Exchange of India Limited (NSE) has given its approval for the divestment of up to 40% of its stake in National Coal Exchange of India Limited. This subsidiary is currently wholly-owned by the NSE. The transaction will be executed through a secondary sale of equity shares, with the possibility of the divestment occurring in one or more tranches.
Financial Results for Q2 FY27
The Board also reviewed and approved the audited financial results for both standalone and consolidated operations for the quarter and half year ended September 30, 2026. These results were accompanied by an unmodified opinion from the Statutory Auditors, as detailed in Annexure A of the report.
Further Disclosures
Additional disclosures, as required by Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will be made as and when the terms of the proposed stake sale are finalized or upon any further disclosable event occurring.
The board meeting commenced at 1:30 PM and concluded at 4:53 PM on November 3, 2026.
Source: BSE
