India's biggest bourse said to seek arrangers to manage IPO
Mumbai
NATIONAL Stock Exchange of India Ltd (NSE) has asked banks to help the nation's biggest bourse sell shares in an initial public offering (IPO), people with knowledge of the matter said.
The exchange has called investment banks for a meeting on Tuesday and Wednesday for a listing, the sources said, asking not to be identified as the information is private. It will file a draft offer document with the market regulator for a domestic listing by January and by April for selling shares overseas, it said in a statement in June. An NSE spokesman declined to comment when reached by phone.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month