7 public sector entities, including State Bank of India (SBI), Bank of Baroda, Stock Holding Corporation, GIC, New India Assurance, National Insurance Company, and United Insurance Company are set to partially monetise their holdings in the National Stock Exchange (NSE) through the bourse's long-awaited initial public offering (IPO).
According to NSE's Draft Red Herring Prospectus (DRHP) filed with market regulator SEBI, the seven government-owned entities together hold approximately 7.97 crore shares that are part of the proposed offer for sale (OFS).
