SBI says it will reduce its holding in the National Stock Exchange (NSE) as part of the exchange’s proposed initial public offering (IPO). SBI Chairman C S Setty tells PTI that the bank will dilute about a 0.65% stake in NSE, with participation in the public issue.
The IPO is described as a large offering, with one report citing a proposed size of about Rs 30,000 crore. Another outlet frames SBI’s potential dilution as up to 1% in the IPO process, while still reporting the same stated dilution figure of 0.65%. Across the coverage, the focus stays on SBI’s role in the IPO and the extent of its stake reduction, rather than on other terms or valuations of the listing.
Overall, the sources align on SBI’s participation and the planned NSE stake dilution figure, while differing slightly in how the dilution range is described.
