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New India Assurance Plans 1.05 Crore Share Sale in NSE IPO

By Business DeskNew India Assurance Plans 1.05 Crore Share Sale in NSE IPO

The New India Assurance Company plans to divest 1.05 crore shares, or 29.83% of its holding, in the upcoming NSE IPO valued at Rs 24,300 crore.

The New India Assurance Company has formally declared its intent to divest 1,05,00,000 equity shares in the National Stock Exchange of India Ltd. (NSE). This transaction will be executed via an Offer for Sale (OFS) mechanism as part of the exchange’s upcoming initial public offering.

Divestment Details

The insurer is offloading a significant portion of its investment in the exchange. This specific divestment accounts for approximately 29.83% of the total shareholding held by the public sector entity.

  • Total shares to be sold: 1,05,00,000 shares
  • Shareholding stake: 29.83% of insurer’s total holding
  • Escrow transfer date: September 8, 2026

IPO Valuation and Timeline

The National Stock Exchange is targeting a substantial capital raise through its public market entry. The total issue size is expected to reach approximately Rs 24,300 crore.

  • Estimated valuation: Rs 4.42 lakh crore
  • Anticipated price band: Rs 1,750 to Rs 1,785 per share
  • Expected completion: By the end of September 2026

The divestment process is currently pending final regulatory approvals. Should these clearances proceed as anticipated, the transaction will conclude by the end of September 2026.

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