India’s NSE files papers for ₹30,000 crore IPO (opens in new tab)

India’s National Stock Exchange filed draft IPO papers with the Securities and Exchange Board of India for a planned public issue of about ₹30,000 crore, reviving a listing effort that had been delayed for years. The offer is structured as an offer for sale of about 148.9 million shares, or nearly 6% of NSE’s share capital, by existing shareholders rather than a fresh share sale by the exchange. The planned issue could become India’s largest IPO, topping Hyundai Motor India’s roughly ₹27,000 ...