SBI, arm to dilute up to 1% stake in NSE via public offer

SBI and SBI Capital Markets plan to dilute up to 1% stake in NSE via ₹30,000-crore IPO.

SBI Chairman C S Setty confirmed the divestment, with SBI holding 3.23% and SBI Capital Markets 4.33% in NSE.

The divestment is part of SBI's strategy to monetize its stake in NSE, following a similar move in SBI Mutual Fund last month.

SBI aims to cross ₹10 lakh crore in mortgage portfolio this quarter, with a 28% market share in home loans.