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IDBI to sell 5% stake in NSE

The NSE commands a market value of nearly USD 3.5 billion (about Rs 21,000 crore) as per the previous transaction. This would peg the value of IDBI’s 5 percent stake at more than Rs 1,000 crore.

IDBI to sell 5% stake in NSE

IDBI Bank  will sell its entire 5 percent stake in country’s leading stock exchange NSE in a transaction that may fetch the public-sector lender about Rs 1,000 crore.

At the end of quarter ending September 2014, the public sector lender held early 23 lakh shares of the National Stock Exchange (NSE) representing a 5 percent stake in the bourse.

The NSE commands a market value of nearly USD 3.5 billion (about Rs 21,000 crore) as per the previous transaction. This would peg the value of IDBI’s 5 percent stake at more than Rs 1,000 crore.

In public notice today, IDBI Bank has invited “expression of interest (EoI) for sale of equity shares up to 5 percent of the paid up equity share capital of the National Stock Exchange of India Ltd (NSEIL)”.

“This EoI is neither a prospectus nor an offer to the public for the sale of shares. IDBI Bank Ltd a client of IDBI Capital Market Services Ltd intends to sell the shares up to NSEIL,” it added. Interested parties are to submit the EoI by January 20, 2015.

As per the latest shareholding pattern, other major shareholders of NSE are — Life Insurance Corporation (10.51 percent), State Bank of India  (10.19 percent), IFCI  (5.55
percent) and IDFC  (5.33 percent).

IDBI Bank stock price

On December 19, 2014, IDBI Bank closed at Rs 68.00, up Rs 0.25, or 0.37 percent. The 52-week high of the share was Rs 116.50 and the 52-week low was Rs 52.95.


The company’s trailing 12-month (TTM) EPS was at Rs 5.27 per share as per the quarter ended September 2014. The stock’s price-to-earnings (P/E) ratio was 12.9. The latest book value of the company is Rs 147.38 per share. At current value, the price-to-book value of the company is 0.46.

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