Oriental Insurance Eyes FY27 Profit, NSE IPO Stake Sale To Boost Financials
Oriental Insurance expects to return to profit in FY27, supported by proceeds from its partial stake sale in the NSE IPO.
Oriental Insurance expects to return to profit in FY27, supported by proceeds from its partial stake sale in the NSE IPO.
NSE defended its IPO pricing process, saying merchant bankers determined the valuation, while expressing confidence over the sustainability of derivatives revenue.
NSE’s IPO will open on September 17 with an OFS of 12.64 crore shares, potentially raising up to ₹22,567 crore.
Bank of Baroda plans to sell 35 percent of its NSE holding through the exchange’s proposed mega IPO.
NSE’s Rs 30,000 crore IPO moves closer to launch after SEBI issues its observation letter for the proposed public issue.