NSE IPO could be worth Rs 30,000 crore after Sebi gives green signal
India's market regulator Sebi has approved the National Stock Exchange's initial public offering. This approval allows the country's largest bourse to list after nearly a decade of delays. The proposed IPO could be worth around Rs 30,000 crore, making it one of India's largest. Existing shareholders will collectively divest nearly six percent of NSE's stake in the offer. NSE dominates India's…
The National Stock Exchange (NSE) of India has received the final observations from the Securities and Exchange Board of India (Sebi), clearing the path for the country's largest bourse to make its long-awaited initial public offering (IPO) after nearly a decade of regulatory delays. The proposed IPO could be worth around Rs 30,000 crore, potentially making it one of the largest public issues in Indian stock market history.
The public issue will be an offer for sale of 14.89 crore shares, with existing shareholders collectively divesting nearly 6% of NSE's stake. The exchange itself will not receive any proceeds from the share sale.
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