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Private Equity | 13 February 2013

IDFC Plans To Part Exit From NSE

by Vivek Singh
 
@vivek

IDFC Limited is planning to part exit from its holding in NSE by selling around 3% stake, taking it down to 3.55% from 6.55%.

The Tata Group, Vedanta, Barclays, LIC and the State Bank Group are interested in buying NSE shares.

IDBI Capital is the lead manager for this share sale process.

Last year, IDFC sold around 6 lakhs shares cutting its stake by 1.33%.

The NSE operates a nation-wide, electronic market, offering trading in Capital Market, Derivatives and Currency Derivates segments including equities, ETFs, Retail Government Securities etc.

It accounts for nearly 74% in Equity Market and more than 98% market share in equity derivatives segment. Today NSE network Stretches to more than tan 1500 locations in the country and supports more than 2, 30,000 terminals.

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