NSE is conducting a mega IPO via OFS, with GIC and SBI selling stakes, and SEBI reviewing the filing.
18 reports, 14 independent
Updated Sep 11
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AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
NSE is conducting a mega IPO via OFS, with GIC and SBI selling stakes, and SEBI reviewing the filing.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Mauritian entities are confirmed as existing shareholders in the NSE IPO alongside SBI and GIC.1 source
- State Bank of India, General Insurance Corporation of India, and Bank of Baroda are selling shares in an NSE IPO.Sub-event
More insurers, including National Insurance and United India, are participating in the NSE IPO.1 source
- NSE filed a Draft Red Herring Prospectus (DRHP) with SEBI, while IDBI Capital commented on the exchange's market standing.Sub-event
- The National Stock Exchange (NSE) is the country's largest stock exchange, and currently, Mauritian entities are involved in the IPO as selling shareholders.Sub-event
- GIC contributed to market divestment and Bank of Baroda participated in a market debut in India.Sub-event
- Life Insurance Corporation of India remains NSE's largest shareholder while planning to divest shares in the ongoing NSE IPO.Sub-event
- State-owned insurers General Insurance Corporation of India and New India Assurance Company Ltd are participating in the NSE IPO.Sub-event
Show 8 earlier steps
- Several financial institutions, including IDBI Bank, State Bank of India, SBI Capital Markets, Bank of Baroda, and investor Radhakishan Damani, hold shares in the NSE.Sub-event
- GIC, NSE, SEBI, and Bank of Baroda are involved in the IPO filing and share divestment process.Sub-event
Mauritius entities are divesting shares in the NSE IPO, alongside major stakeholders like LIC, SBI, and GIC.1 source
SBI and GIC are identified as the largest and top selling shareholders in the NSE IPO.1 source
GIC holds a 1.64% stake in NSE as part of the divestment process.1 source
GIC and SBI are selling stakes in the NSE mega IPO, which is under SEBI review.1 source
Bank of Baroda is a major shareholder and largest seller in the NSE IPO, with Morgan Stanley also involved.1 source
NSE files for biggest IPO in India; LIC is largest shareholder, SBI is largest seller.1 source
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The entities involved
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General Insurance Corporation of India
reinsurance company in the Indian insurance market
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State Bank of India
Indian public sector bank and financial services organization