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The size of the National Stock Exchange (NSE) IPO may shrink with the offer for sale (OFS) likely to be cut to 5.2-5.5 per cent, from the 6 per cent planned earlier, as some shareholders have backed out of the sale, people familiar with the matter said on Wednesday. The reduced OFS could bring down the overall issue size to Rs 25,000-27,000 crore, compared with the earlier estimate of Rs 30,000 crore.At this size, NSE may fall short of becoming India's largest-ever public offering. Hyundai Motor India's IPO, at Rs 27,870 crore, currently holds the record. The reduction in the OFS size is understood to be driven by some shareholders choosing not to sell during the IPO, as they believe they could command a better valuation by selling their stake at a later stage, thepeople familiar with the matter said. The NSE is also looking to make the issue more attractive for retail investors, with pricing being structured to provide greater participation and benefit to small investors in the OFS
State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st
The Delhi High Court on Wednesday held that the National Stock Exchange of India (NSEI) is a 'public authority' under the Right to Information Act. A bench of justices C Hari Shankar and O P Shukla dismissed an appeal by the stock exchange assailing a single judge's decision which ruled that NSEI qualified as a 'public authority' under section 2(h) of the RTI Act. Citizens can enforce their right to ask for information only from a 'public authority' under the RTI Act. The bench observed that if the body is owned, controlled or substantially financed by the government, it would qualify as a 'public authority'. The court stated that this was not a case where an entity was established as a private company and was regulated by statute later. Observing that the NSEI could not function as a stock exchange at all without recognition by SEBI, the court said it agreed with the single judge's finding that it has to be regarded as having been "established" or "constituted" by an order issued
The National Stock Exchange (NSE) has offloaded around 1 per cent stake in Indian Gas Exchange (IGX), the country's first online delivery-based trading platform for natural gas, to comply with regulatory requirements, sources said on Monday. The stake sale is part of NSE's effort to align with Petroleum and Natural Gas Regulatory Board (PNGRB) norms, which mandate that no single entity holds more than 25 per cent in the exchange. IGX operates an electronic trading platform for natural gas, offering spot, forward and delivery-based contracts. Following the latest dilution, NSE's shareholding in IGX has come down to 25 per cent. Notably, the exchange had acquired a 26 per cent stake in IGX for over Rs 19 crore in March 2021 to become a co-promoter, after securing approvals from PNGRB. Earlier this month,NSE partnered with IGX to introduce exchange-traded derivatives based on domestic natural gas prices.As part of the collaboration, NSE will launch natural gas futures contracts linke
Commerce and Industry Minister Piyush Goyal on Monday held a meeting with National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan in Mumbai on the holistic benefits of the Budget 2026-27. Investors and captains from the mutual funds and asset management industry were also present at the meeting. "Had an excellent and engaging breakfast meeting on the holistic benefits of the #ViksitBharatBudget2026 at the NSE, with their MD & CEO @AshishChauhan ji, along with investors and captains from the mutual funds and asset management industry. Delighted by their optimism following the budget, their excitement for the growth opportunities that it supports, as well as the new ideas and suggestions that they shared," Goyal said in a social media post. The meeting comes on the heels of the FY27 Budget proposal to increase the securities transaction tax (STT) on futures contracts to 0.05 per cent from 0.02 per cent. STT on options premium and exercise of options are proposed to be raised ..
The National Stock Exchange (NSE) faces around 170 million cyberattacks daily, requiring a dedicated team of "cyber warriors" to work around the clock to ensure uninterrupted operations. The NSE recorded its highest-ever 40 crore (400 million) cyberattacks in a single day during 'Operation Sindoor', designed as a DDoS simulation. However, attackers failed to cause any damage due to the coordinated efforts of men, machines, and advanced technology. "Every day, millions of cyberattacks take place on the NSE. But our technical teams, their systems and technology combat these attacks round the clock using specialised software," a senior NSE official told PTI. He said that the number of cyberattacks ranges from 150 million to 170 million daily, making the task for the teams and systems highly challenging. Technical teams at the twin cyber defence centres remain in constant battle mode, equipped with upgraded software to neutralise and repel large-scale attacks on the financial market ..