NSE public offer may see largest PE exit
A bunch of these entities with investments of Rs 6,600 crore over a decade are eager to book returns
The much-awaited initial public offering (IPO) of the National Stock Exchange (NSE), the country’s largest bourse, is likely to see the highest-ever exit of stockholders in India through the listing route.
Earlier this week, NSE appointed four investment banks for the IPO, which could value the bourse at Rs 20,000 crore. “The IPO might see offer-for-sale (OFS) for up to 20 per cent stake worth Rs 4,000 crore, as a majority of private equity (PE) investors are looking for at least a part-exit,” said an investment banker who pitched for the offer mandate. The majority of ...
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First Published: Thu, August 25 2016. 22:48 IST