India’s National Stock Exchange secured approximately $703 million from over 100 institutional investors during its anchor book allocation on September 16, ahead of its public IPO opening on September 17. Participating investors included Goldman Sachs Asset Management, Singapore’s GIC, Fidelity International, Franklin Templeton, Norges Bank, ADIA, and HSBC, with Life Insurance Corporation of India making the single largest allocation at $47 million. The full offering aims to raise up to $2.4 billion, making it one of India’s largest equity listings in years. After a decade of delays due to regulatory investigations and governance controversies, the listing would value India’s dominant exchange at roughly $52 billion.
Source: Read the original article
