NSE India Launches 2.3 Billion IPO
India National Stock Exchange launches its public offering amid investor caution over slowing derivative volumes. The exchange is valued at 46 billion dollars with major institutional backing.
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The National Stock Exchange of India will launch its $2.3B public offering on Wednesday amid investor caution over cooling derivatives trading. The IPO is the country's third-largest ever and relies entirely on an offer-for-sale from existing private shareholders. Valued at $46B, the exchange trades at a discount to private market sales as regulatory tightening slows options volume.
