Overview
- Multiple news outlets reported on Monday that the National Stock Exchange plans to begin formal marketing and global investor roadshows in early July to pitch an offer‑for‑sale.
- The offering is an all‑secondary sale of about 148.9 million shares, roughly 6% of NSE, so no new shares will be issued and sale proceeds go to existing holders.
- Deal bankers including Kotak Mahindra, JM Financial, Morgan Stanley, HSBC and Citigroup are part of a roughly 20‑bank syndicate assembled to run the transaction.
- Major shareholders such as State Bank of India, MS Strategic (Mauritius) and several insurers plan to sell stakes while the Life Insurance Corporation of India will not participate.
- Grey‑market pricing puts an unlisted valuation near Rs 5.25 trillion (about $55 billion) and the sale could raise roughly $2.6–$3.3 billion, though size, timing and final valuation remain subject to change.