Close to clearing NSE IPO: Sebi Chief Tuhin Kanta Pandey
NSE's valuation in the unlisted market is around ₹5 lakh crore, potentially catapulting it to India's top-ten market capitalization leader-board on listing, based on current prices.
Mumbai - Sebi Chairman Tuhin Kanta Pandey revealed on Thursday that the regulator is on the verge of approving the initial public offering (IPO) of the National Stock Exchange (NSE). This monumental share sale is projected to be the largest in India's history. NSE's valuation in the unlisted market stands at around ₹5 lakh crore, which, if successful, could elevate it to the top ten on India's market capitalization leaderboard.
The anticipated IPO size is pegged at approximately ₹30,000 crore through a 6% stake sale. However, the regulator has not yet determined whether NSE's shares will be tradable on its own platform post-IPO, a decision that will require thorough examination.
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