The National Stock Exchange of India (NSE) said its upcoming initial public offering (IPO) would be through an offer for sale (OFS) of shares held by existing NSE shareholders.
The decision was taken by the exchange's board of directors at a meeting on Tuesday Oct 04,2016
The NSE's board of directors had on June 23,2016 given its nod to list the exchange in India and abroad.
NSE had said it would file a draft prospectus with the market regulator by January 2017 for domestic listing and another by April for doing so abroad.
Major shareholders in NSE include Life Insurance Corporation of India with a 12.5 per cent stake, and GS Strategic Investments, Aranda Investments and SAIF II SE Investments each holding 5 per cent, according to the shareholding pattern as on June 30,2016
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