Major investors to sell stakes in National Stock Exchange IPO
Singapore state investor Temasek and LIC are among twenty shareholders planning to sell a five percent stake in the exchange. The IPO could value the NSE at fifty-five billion dollars.
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The National Stock Exchange of India is preparing for a landmark public debut as a high-profile lineup of global and domestic investors move to divest their holdings. According to sources familiar with the matter, approximately 20 investors are participating in the share sale, which is expected to be one of the largest market events in the country this year. Among those looking to reduce their stakes are Singapore state-owned investor Temasek Holdings (via its investment arm) and the Canada Pension Plan Investment Board.
