Bank of Baroda Initiates Stake Sale in NSE, Invites Potential Buyers

6 Jun 2023 , 09:49 AM

The Bank of Baroda has announced its decision to invite bids from potential buyers for its stake in the National Stock Exchange (NSE).Bob has proposed an auction to sell its stake, offering 21 lakh shares or a 0.42 % stake in the exchange.

• The floor price for the auction has been set at Rs.3,150 per share

Eligible entities, such as insurance companies, corporates, mutual funds, high-net-worth individuals, foreign institutional investors, and non-resident Indians, are invited to participate in the bidding process.

Partnership firms, however, are not eligible to bid for the stake. The bidding process will conclude on July 10, with the last bid submission day.

Pre-bid queries will be addressed between June 5 and June 15, allowing interested parties to seek clarification. The bid opening is scheduled for June 11.

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