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Large NSE shareholders sell stake amid IPO delay, total holding down by 10%

Citigroup, Goldman Sachs and Norwest Venture sold their entire stake in FY22, exchange data shows; others have pruned holdings

NSE, national stock exchange, nifty50
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Institutional shareholders blame the delay in the exchange’s IPO as the chief reason for trimming their holdings.

Ashley Coutinho Mumbai
Institutional shareholders have continued to trim their stake in the National Stock Exchange of India (NSE) this financial year amid the inordinate delay in the bourse’s initial public offering (IPO).

Citigroup, Goldman Sachs and Norwest Venture Partners have sold their entire stake in the exchange in FY22, exchange data shows. These three had a stake of 1.64 per cent, 2 per cent and about 1 per cent at the end of last fiscal. Elevation Capital (formerly SAIF Partners) has trimmed its stake to 2.14 per cent from 3.21 per cent in FY21.

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First Published: Feb 18 2022 | 7:15 PM IST

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