New India Assurance Company says it will sell 1.05 crore shares of the National Stock Exchange (NSE) through an offer for sale (OFS). The company specifies the share sale as part of its planned divestment from its NSE holdings.
The proposed transaction involves 1,05,00,000 NSE shares, which the company says equals 29.83% of its total shareholding in NSE. In its statements cited by the outlet, New India Assurance provides the proportion of its stake being reduced rather than detailing proceeds or timing. Other perspectives on the broader NSE share sale are not included in the provided sources.
Overall, the reporting focuses on the size of the OFS and the stake percentage New India Assurance is offering, framing it as a partial exit from its current NSE ownership rather than a change in the company’s full shareholding.
