 "SBI plans to sell up to 5% stake in NSE")
State Bank of India (SBI) plans to sell part of its holding in National Stock Exchange (NSE), where it owns 15 per cent stake.
SBI intends to disinvest up to five per cent of its equity holding in NSE through a competitive bidding process, a public notice said.
SBI Capital Markets Limited has been appointed as a consultant to the client for advising and managing the proposed disinvestment process. The last date for submission of bid is May 19. The bank expects about Rs 1,000 crore from the stake sale, according to sources.
However, the bidder should bid for at least 2% shareholding of NSE.
SBI intends to disinvest up to five per cent of its equity holding in NSE through a competitive bidding process, a public notice said.
SBI Capital Markets Limited has been appointed as a consultant to the client for advising and managing the proposed disinvestment process. The last date for submission of bid is May 19. The bank expects about Rs 1,000 crore from the stake sale, according to sources.
Also Read
As per the bid document, the investor should be prepared to acquire either entire five per cent shareholding that is 22,50,000 of NSE, or part of it. However, the bidder should bid for at least two per cent shareholding of NSE.
However, the bidder should bid for at least 2% shareholding of NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%