National stock exchange promoters
According to sources close to the development, the IPO will provide a easy exit route to the banks and FIs to bring down their respective stakeholding to 5 per cent as required under the new demutualisation guidelines of the Securities and Exchange Board of India Sebi.
Under the guidelines, any single entity holding in a stock exchange "" either in the form of institutions or banks or single individual "" should not exceed five per cent. Following these guidelines, NSE has written to most of the promoters to bring down the stake to five per cent by October , said an institutional source. According to sources, the matter will be discussed in the board meeting of the exchange scheduled to be held in the last week of this month.
A faxed query to the NSE seeking its views on this issue elicited no response. Sources in financial institutions said that the private placement route to divest stake is expensive since the transaction cost goes up. The major promoters of the National Stock Exchange NSE "" banks and financial institutions "" have suggested to the stock exchange that it should float an initial public offer. Upgrade To Premium Services.
Promoters of NSE want public issue | Business Standard News
Business Standard is happy to inform you of the launch of "Business Standard Premium Services". As a premium subscriber you get an across device unfettered access to a range of services which include:. Welcome to the premium services of Business Standard brought to you courtesy FIS. Kindly visit the Manage my subscription page to discover the benefits of this programme.
Today's Paper Latest News Economy Finance Current Affairs International Management The Strategist Weekend Data Stories Chat. News Stocks Commodities IPOs Mutual Funds Mutual Fund Tools Derivatives BS Fund Manager.
North East West South Election. Home Today's Paper Latest News Economy Finance Current Affairs International Management The Strategist Weekend Data Stories Chat.
Markets Demonetisation BSTech GST BSSpecial. News Stock Quote Authors. Type address separated by commas. Read More On Anindita Dey. Promoters Of Nse Want Public Issue. Banks And Financial Institutions.
Securities And Exchange Board Of India sebi. PREVIOUS STORY NEXT STORY. Quick Links Stock Market Live Portfolio Commodity Market Upcoming IPO Personal Finance Stock Market News Derivatives Mutual Funds Gold Price Sensex.
Promoters of NSE want public issue | Business Standard News
Index Stocks ACC Adani Ports Ambuja Cem. Asian Paints Aurobindo Pharma Axis Bank B P C L Bajaj Auto Bank of Baroda Bharti Airtel Bharti Infra.
Bosch Cipla Coal India Dr Reddy's Labs Eicher Motors GAIL India Grasim Inds H D F C HCL Technologies HDFC Bank Hero Motocorp Hind.
ICICI Bank Indiabulls Housing Finance Indian Oil Corporation Ltd. IndusInd Bank Infosys ITC Kotak Mah.
St Bk of India Sun Pharma. Tata Motors Tata Motors-DVR Tata Power Co. Tata Steel TCS Tech Mahindra UltraTech Cement Ltd Wipro Yes Bank Zee Entertainment. Budget Budget Budget News Budget. Premium Services In Partnership with.
Your subscription - access to premium content has expired. Kindly click here to renew. Enter the characters shown in the image. Send me a copy: