CATCH ME UP
National Stock Exchange of India has launched its initial public offering for public subscription.
The offering is valued at 22,569 crore rupees, or $2.3 billion.
The subscription opened on Thursday and was reported at 0.09 times by mid-morning.
The IPO follows a decade of delays linked to legal and regulatory issues.
Why it mattersA major stock exchange moving toward a public listing could affect market governance, valuation expectations, and investor access.
More context
The exchange completed its anchor book allocation before the public launch.
Anchor investors included prominent global and domestic buyers, including sovereign wealth funds of Abu Dhabi and Norway.