- Public sector shareholders plan to sell Rs 15,500 crore in NSE's offer for sale
- PSUs hold 31% of NSE and may sell 10% of their stakes, causing 3.1% dilution
- LIC expected to sell Rs 5,300 crore, causing over 1% dilution in NSE equity
Public sector shareholders of the National Stock Exchange are preparing to offload shares worth about Rs 15,500 crore as part of the exchange's proposed offer for sale, forming the bulk of a transaction that could see 4–5% equity dilution at NSE.
PSUs together hold about 31% of the exchange. Sources said PSUs were being pushed to sell roughly 10% of their holdings in the OFS, implying a dilution of around 3.1% of NSE's equity from PSU shareholders alone.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
LIC, the largest shareholder in NSE, is expected to be the biggest contributor to the OFS, with stake sales estimated at about Rs 5,300 crore. This would translate into slightly over 1% equity dilution at the exchange level. Stock Holding Corp. may sell shares worth nearly Rs 2,200 crore, implying about 0.44% dilution.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The SBI group, including its affiliates, is expected to sell shares worth around Rs 3,700 crore, corresponding to roughly 0.75% equity dilution. PSU insurers, taken together, may offload shares worth close to Rs 4,000 crore, adding another 0.8% dilution.
Separately, NSE is expected to tap institutional shareholders to scale up the OFS to its targeted size. Institutional selling is pegged at around Rs 5,000-7,500 crore, taking the overall OFS to Rs 20,000-23,000 crore. At this level, total equity dilution is expected to be in the range of 4-5%.
Investors likely to participate in the OFS include New India Assurance, GIC Re, Temasek and ChrysCapital, according to people familiar with the matter.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
