NSE India Debuts at 47 Billion After Long Wait
The National Stock Exchange of India closed higher on its market debut, valuing the nation's largest bourse at nearly 47 billion dollars. The highly anticipated initial public offering highlights strong investor appetite despite tighter derivatives regulations.
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The National Stock Exchange of India closed 1.85% higher on its market debut on Thursday, valuing India's largest bourse at 4.5 trillion rupees ($46.90 billion). The 225.6 billion rupee ($2.3 billion) IPO is the country's second-largest on record after HYUNDAI MOTOR INDIA LTD's 2024 offering. The listing caps a decade-long effort to trade publicly, placing the exchange among the world's 10 most valuable publicly traded bourses.
