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New India Assurance to Sell 1.05 Crore NSE Shares in Upcoming IPO via Offer for Sale

The New India Assurance Co. Ltd. proposes to sell 1,05,00,000 equity shares of National Stock Exchange of India Ltd. (NSEIL), representing 29.83% of its holding, through the Offer for Sale in NSE’s upcoming IPO.
New India Assurance to Sell 1.05 Crore NSE Shares in Upcoming IPO via Offer for Sale

Mumbai, 9 September 2026: The New India Assurance Company Limited has informed the stock exchanges that it proposes to divest 1,05,00,000 equity shares of National Stock Exchange of India Limited (NSEIL).

Key Details

  • Number of Shares to be Sold: 1,05,00,000 equity shares

  • Percentage of Holding: 29.83% of the total shares currently held by the Company in NSEIL

  • Mode of Sale: Offer for Sale (OFS) through NSE’s Initial Public Offering (IPO)

  • Status: Subject to necessary regulatory approvals

  • Shares Transferred to Escrow Account: 8 September 2026

  • Expected Completion: End of September 2026 (as indicated by NSE)

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Other Information

  • Dividend received from NSEIL in FY 2025-26: ₹123.20 crore

  • The transaction is not a related party transaction

  • Consideration will be received after completion of the OFS process

The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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