NSE IPO: A ₹10 move, a ₹40-crore impact
Veteran billionaire investor Radhakishan Shivkishan Damani could see his National Stock Exchange (NSE) stake value fluctuate by nearly Rs 40 crore for every Rs 10 change in the exchange's share price post-listing. Damani owns 3.91 crore NSE shares, constituting a 1.58% stake, according to the exchange's Red Herring Prospectus. At the IPO price ceiling of Rs 1,785, his holding would be valued at around Rs 6,980 crore.
This implies that a Rs 10 increase in NSE shares would add roughly Rs 39.1 crore to Damani's stake, while an equivalent decline would erase the same amount. Damani ranks 13th among 20 shareholders with at least a 1% stake in NSE, as per the RHP. The largest shareholder is Life Insurance Corporation of India, holding 26.53 crore shares, or 10.72% of NSE.
Other major shareholders include Aranda Investments (Mauritius) Pte Ltd, Stock Holding Corporation of India, SBI Capital Markets, Mahagony Limited, and State Bank of India.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
