NSE IPO: Indian Bank to divest 17.91% of its stake via OFS
The expected date of completion of sale is likely to be the end of September
Indian Bank plans to sell up to 17.91% of its stake in the National Stock Exchange of India Ltd (NSE) through an offer-for-sale in the bank's upcoming IPO, the lender announced on Wednesday. The bank confirmed that a consent letter for the offer has been signed on September 9, 2026. The expected completion of the sale is projected for the end of September 2026, according to the bank's exchange filing.
In the fiscal year 2026, Indian Bank received a dividend of ₹29,31,25,000 from NSE. All comments must be in English and written in full sentences, avoiding any abusive or personal language.
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