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SBI to Sell 1% NSE Stake Ahead of ₹30,000 Cr IPO

By Business DeskSBI to Sell 1% NSE Stake Ahead of ₹30,000 Cr IPO

State Bank of India and SBI Capital Markets will divest a combined 1% stake in NSE, paving the way for the exchange’s massive ₹30,000 crore IPO. Details inside.

State Bank of India (SBI) and its subsidiary, SBI Capital Markets, are preparing to sell approximately 1% of their combined stake in the National Stock Exchange (NSE). This divestment comes ahead of NSE’s anticipated ₹30,000-crore Initial Public Offering (IPO).

NSE Stake Sale Details

  • SBI intends to divest a 0.65% stake.
  • SBI Capital Markets plans to sell 0.35%.
  • SBI Chairman C S Setty confirmed the group’s participation.
  • Current holdings: SBI holds 3.23%, SBI Capital Markets holds 4.33% in NSE.

The final divestment percentage could shift if other shareholders also opt to sell their stakes. SBI has no immediate plans to reduce its holdings in other subsidiaries.

Home Loan Portfolio Growth

In a separate development, SBI projects its home loan portfolio to exceed ₹10 lakh crore during the current quarter. This growth is driven by robust housing demand across the country.

  • The bank surpassed the ₹9 lakh crore milestone in home loans last financial year.
  • SBI commands approximately 28% of India’s home loan market.
  • Over 460 home loan processing centers operate nationwide.

Setty emphasized that housing loans significantly contribute to India’s broader economic growth, supporting over 200 related industries. This focus indicates a clear strategy for capital deployment and market presence.

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