INSUBCONTINENT EXCLUSIVE:
Securities among others to buy 1 per cent stake in National Stock Exchange (NSE), three people aware of the development said.
At least 13
bidders have submitted bids to buy up to 50 lakh unlisted shares of the bourse for a deal value ranging from Rs 460 crore to Rs 530 crore
Watsa did not respond to an email seeking his comments to the story
Both institutions could not be contacted immediately for comments.
The bidding price is estimated to be in the range of Rs 960-1030 per
The state-owned lender is said to be unwilling to sell the shares at a price lower than Rs 1,000 apiece, the person cited above said
National Stock Exchange, the third Indian bourse that would go public, has seen its market value rise 7% in the past six months with a
valuation of Rs 50,000 crore in the grey market.
In the run-up to its initial public offering (IPO), SBI, United India Insurance, Union Bank
of India and Indian Bank are selling their stake with expectations that the IPO could value the bourse at Rs 1,200 per share at a valuation
ensure the allotments of NSE shares
NSE is expected to launch its much-awaited IPO in the second half of the upcoming financial year as investment bankers are likely to be
appointed only after it gets the regulatory nod.
