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.