IDBI Bank has put off a plan to immediately sell its stake in National Stock Exchange of India (NSE) as the lender expects to get a higher price when the exchange sells shares to the public for the first time. IDBI Bank held a 5% stake NSE.
There is currently a unique and attractive pre-IPO investment opportunity available in shares of rival and oldest exchange BSE and newest and youngest exchange Metropolitan Stock Exchange of India (MSEI) (earlier known as MCX-SX). The recent market buoyancy has triggered an IPO boom. Companies with good fundamentals are seeing huge oversubscription, leaving investors with nil or low allotment. For assured allotment of required quantity at attractive price and more details and updates, please call on 08108234400 or email me on firstname.lastname@example.org
For buying or selling shares of BSE or MSEI or any other companies at best rates and quality service, please click here https://buysellunlistedshares.com/buysell/
For more details, please call on 08108234400 or email on email@example.com
IDBI Bank has been in a sell mode since the start of the calendar year and they have divested more than half of what they owned in NSE in the current calendar year. Like several state-owned banks facing non-performing assets (NPA) issues, IDBI had been selling the NSE stake to shore up its balance sheet.
IDBI Bank started the last sale process at a time when the NSE was firming up its plans to go public. Given that the management said that they will look to file the DRHP (draft red-herring prospectus) for the same latest by January end, buyers can see a clear liquidity event in the near future, which makes buying the stake very attractive. NSE IPO values it at Rs 45,000 crore.