The National Stock Exchange's (NSE) long-awaited initial public offering (IPO) has brought several shareholder stocks into focus, including State Bank of India (SBI), Bank of Baroda, General Insurance Corporation of India (GIC Re), Life Insurance Corporation of India (LIC), IFCI and Tata Investment Corporation.
NSE IPO Revival Raises Value-Unlocking Hopes For SBI, LIC, Bank of Baroda, General Insurance
NSE's long-awaited IPO has brought renewed attention to listed companies that own stakes in the exchange, as investors expect the listing could help unlock the value of these investments
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The renewed attention comes after NSE on June 17 filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) for its proposed public issue. The IPO will be entirely an offer for sale (OFS) of up to 148.90 million shares, accounting for nearly 6 per cent of the exchange's equity capital. Since no fresh shares will be issued, existing shareholders will use the IPO to sell part of their holdings and unlock value.
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