IDBI Bank Limited has informed the Exchange about Sale of Shares of NSDL in its Initial Public Offer (IPO)
IDBI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IDBI Bank sold 22.22 crore equity shares of National Securities Depository Ltd. (NSDL), equal to 11.11% of NSDL's shareholding, through an Offer for Sale in NSDL's IPO at Rs. 799.87 per share. The gross consideration was about Rs. 1,777.31 crore, and the net proceeds after offer expenses were about Rs. 1,703.14 crore in cash, of which Rs. 1,621.32 crore was received on August 7, 2025. The OFS closed on August 1, 2025, and the shares were listed on BSE on August 6, 2025. After the sale, IDBI Bank continues to hold 2.998 crore shares (14.99%) in NSDL, and NSDL ceases to be an associate company of the Bank. For context, NSDL reported total revenue of Rs. 731.41 crore in FY25 and a net worth of Rs. 1,808.48 crore as of March 31, 2025.
This sale delivers a sizeable cash infusion of around Rs. 1,703 crore to IDBI Bank, strengthening its capital position. However, with NSDL no longer classified as an associate, the bank loses proportional share in NSDL's future profits, though it still benefits from any value appreciation in the retained 14.99% stake. Overall, the move is a positive step in monetizing a non-core investment.