Indian Bank reports a Rs 1,388 crore gain from sale of NSE shares

Indian Bank has reported a gain of Rs 1,388 crore from the sale of its shares in the National Stock Exchange of India.

Bank held 0.34% NSE stake

The lender owned a 0.34% stake in NSE before the divestment. The reported gain represents the financial impact of the share sale for Indian Bank.

The available information does not include details on the timing of the transaction or the terms of the divestment.

What the report shows

• Indian Bank sold shares in NSE.
• The bank reported a Rs 1,388 crore gain from the sale.
• Indian Bank held 0.34% of NSE before the divestment.