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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
Ever since India’s largest bourse, the National Stock Exchange, filed its draft papers for an initial public offering on Wednesday, the week has been abuzz with headlines. The IPO will be entirely an offer for sale, with existing shareholders selling about 6% of the exchange’s equity, worth Rs 30,000 crore, or around $3.15 billion. This would value the exchange at about Rs 5 lakh crore (about $52.9 billion), making the IPO among the biggest in India’s listing history.
From that perspective, the importance of the long-awaited IPO cannot be overstated—both for the exchange and public investors who will be buying …
