The Indian Stock Exchange National Stock Exchange of India Ltd. (NSE) has attracted Rothschild&Co. as an independent consultant in the framework of the planned IPO. This is reported in the NSE press release.
Rothschild will manage the selection process of banks, legal advisors and other intermediaries for the placement of shares in NSE, which is the most active derivatives exchange in the world.
NSE expects to raise $2.5 billion, taking into account the proposed sale of 4-4.5% of shares by shareholders. The total capitalization of NSE is $4.8 trillion.
After several years of downtime due to regulatory and legal obstacles, the NSE board has approved an IPO proposal in the next seven to eight months.
The regulator approved the NSE IPO ten years after the initial public offering application, which failed due to concerns about corporate governance deficiencies and unfair market access. To settle the litigation, NSE paid 12.97 billion rupees ($141 million) with the support of Temasek Holdings Pte.
NSE is an Indian stock exchange with headquarters in Mumbai. India is the fourth largest stock market in the world.
Rothschild&Co is a French financial services company providing consulting services in the M&A, restructuring, asset management, banking, etc. sectors. The Rothschild family controls 60% of the share capital of Rothschild&Co., the remaining shares are freely traded on the stock exchange.
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