State Bank of India (SBI) is set to sell its stake in the National Stock Exchange (NSE) that it originally acquired in 1993, when the shares were bought at a price of 80 paise. According to the reports, SBI’s initial investment is described as having been made at face value when it first entered the NSE. The IPO or sale pricing for the current stake is not finalised in the available accounts, but recent secondary market trades are cited to estimate the value of the stake SBI is offering. These secondary indications place the value of SBI’s offered NSE stake between about Rs 3,300 crore and Rs 5,600 crore. The sources also note that because the IPO price has not been set, the final proceeds from any sale cannot be determined yet. Overall, the reporting focuses on SBI’s historical purchase price, the timing of its initial NSE investment, and the currently discussed valuation range for the stake based on recent market activity.
SBI to sell its NSE stake after buying shares at 80 paise in 1993
State Bank of India (SBI) is set to sell its stake in the National Stock Exchange (NSE) that it originally acquired in 1993, when the shares were bought at a price of 80 paise. According to the report...
- SBI bought shares in NSE in 1993 at 80 paise, described as face value at the time.
- SBI is offering/selling its stake in NSE, with the pricing not yet set.
- Recent secondary trades are used to estimate the stake’s value.
- The reported estimated value range for the stake is about Rs 3,300 crore to Rs 5,600 crore.
- All accounts link the current discussion to SBI’s earlier NSE investment and the ongoing valuation uncertainty.
SBI first put money into NSE in 1993 at face value. The IPO price is yet to be set, but recent secondary trades put the value of its offered stake between Rs 3,300 crore and Rs 5,600 crore.
1 day agoSBI first put money into NSE in 1993 at face value. The IPO price is yet to be set, but recent secondary trades put the value of its offered stake between Rs 3,300 crore and Rs 5,600 crore.
1 day ago
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