Economy
Bank of Baroda to Divest 35% Stake in NSE via IPO
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THE BRIEF
1
Bank of Baroda announced plans to divest 76.90 lakh equity shares, representing 35% of its stake in the National Stock Exchange (NSE), through an upcoming Offer for Sale.
2
The NSE IPO is expected to open for subscription on September 18, 2026, with a potential market valuation exceeding ₹5 lakh crore for the exchange.
3
The bank transferred the shares to an escrow account on September 8, 2026, and expects the transaction to be completed by the end of the month, pending regulatory approvals.