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Indian Bank plans to sell up to 17.91% stake in NSE through OFS

10 Sep 2026 Evaluate

Indian Bank is planning to sell up to 15,00,000 equity shares, representing 17.91% of total shareholding, in National Stock Exchange of India (NSE), by way of Offer for Sale (OFS) through NSE’s Initial Public Offering (IPO). 

As part of the OFS process the equity shares have been transferred to the ‘Escrow Account’ on September 9, 2026. The OFS is subject to all regulatory approvals.

Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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