India's NSE valued at $2.3 billion in stake sale

A consortium of investors led by the NYSE group acquire 20% of India's leading stock exchange, the NSE in a deal which values it at $2.3 billion.

The NYSE group, General Atlantic, Goldman Sachs and Softbank Asian Infrastructure Fund have collectively acquired a 20% stake in IndiaƆs leading stock market, the National Stock Exchange NSE. Each of the investors will hold 5% of NSE, in consonance with the maximum permissible under Indian regulations announced by SEBI recently in November. NYSE said it is paying $115 million for 5% of NSE, suggesting an equity value of the NSE of $2.3 billion. The NSE is currently...

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