NSE files for $1bn IPO, BSE preps $200m January float

mumbai_bombay_India_230px
By Jonathan Breen
03 Jan 2017

India’s two main stock exchanges are set to start 2017 on a positive note, with Bombay Stock Exchange (BSE) likely to launch a $200m deal this month and National Stock Exchange (NSE) bringing a jumbo $1bn IPO in the second quarter.

NSE filed a draft red herring prospectus for its IPO with India’s market regulator on December 29, with the deal set to raise just over $1bn, according to a banker working on the trade. If successful, it will be the largest float in the country since Coal India went ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial