The State Bank of India has sold 5% stake in the National Stock Exchange, to Mauritius-based Veracity Investments
for Rs 911 crore. The bank sold 2.25 million equity shares of NSE, priced at Rs 4050 a unit, it said in a regulatory filing. The transaction comes at a time when NSE is discussing a possible public offer and listing. A draft paper for domestic listing is expected to be filed with Sebi) by January 2017. After this transaction, SBI holds 5.19% stake in NSE while its subsidiary SBI Capital Markets holds another 4.33%. Earlier, IDBI Bank had sold 2% stake in NSE to LIC. NSE’s major shareholders include LIC (12.51%), Stock Holding Corporation of India (5%) and IDFC (3.9%).
