India's biggest bourse NSE's IPO values it at $6.7b

India's biggest bourse NSE's IPO values it at $6.7b

Photo: Hemant Mishra/Mint

Bankers for National Stock Exchange of India Ltd (NSE) are asking investors to sell a part of their holding in the bourse’s proposed initial share sale at a price that values it at Rs45,000 crore, three people with direct knowledge of the matter said.

The valuation of NSE is around two-and-a-half times the level at which shares in the bourse last changed hands. In July, State Bank of India (SBI) sold a 5% stake in NSE to Mauritius-based Veracity Investments Ltd for Rs911 crore, valuing the exchange at Rs18,200 crore.

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