NSE appoints Rothschild & Co as independent adviser for IPO process

Exchange names Rothschild & Co to lead transparent selection of intermediaries for its IPO, which will be entirely a secondary share sale

NSE on Thursday said it has appointed Rothschild & Co as an independent adviser to oversee its initial public offering (IPO) process. The appointment was made by NSE’s IPO Committee after evaluating multiple agencies based on their technical and commercial proposals, the exchange said in a statement.

 

On Friday, NSE’s board had approved its IPO, which will entirely be a secondary share sale.

 

As part of its mandate, Rothschild will lead a transparent and governance-driven process for the selection of key intermediaries for the IPO, including book-running lead managers (BRLMs), legal counsel and other advisers.

 

The scope of work includes developing an objective evaluation framework, defining clear selection criteria and managing the entire selection process — from documentation and clarifications to back-office coordination, NSE said.

 

 

Rothschild will also be responsible for consolidating evaluation feedback from internal stakeholders, ensuring information parity among participants, maintaining consistent communication and comprehensively documenting all decisions related to the process. 

Sensex, Nifty decline as AI fears intensify IT selloff 

Domestic equity benchmarks fell on Thursday amid heavy selling in IT shares, as concerns over AI-led disruptions and waning hopes of a Fed rate cut after firm US economic data weighed on investor sentiment. 

The 30-share BSE Sensex declined 558.72 points, or 0.66 per cent, to settle at 83,674.92. During the day, it fell 716.97 points, or 0.85 per cent, to hit an intraday low of 83,516.67. The 50-share NSE Nifty declined 146.65 points, or 0.57 per cent, to end at 25,807.20. 

Technology stocks led the slide, with Tech Mahindra, Infosys and, Tata Consultancy Services (TCS) tumbling nearly 

6 per cent each to emerge as major laggards on the Sensex.