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NSE IPO Gears Up: Rothschild Advises Mega Listing
12 Feb
Summary
- NSE appointed Rothschild & Co. as an independent advisor for its IPO.
- The IPO aims to raise approximately $2.5 billion from existing shareholders.
- NSE's board approved the IPO proposal after years of regulatory delays.
The National Stock Exchange of India (NSE) has initiated preparations for its initial public offering following board approval and the formation of a dedicated committee. Rothschild & Co. has been engaged as an independent advisor to guide the selection of investment banks, legal teams, and other necessary intermediaries.
This development marks significant progress for what is anticipated to be one of India's largest stock market listings. The planned offering is structured as an offer for sale, with current shareholders intending to divest approximately 4% to 4.5% of the company's equity. Based on current unlisted market trading prices, the IPO is projected to generate around $2.5 billion.
Existing shareholders such as Temasek Holdings, Life Insurance Corporation of India, State Bank of India, and SBI Capital Markets are expected to be among the key sellers. The NSE's board recently gave the green light to the IPO proposal, ending years of delays that stemmed from regulatory and legal obstacles. The exchange is recognized globally as the busiest derivatives bourse.
