CPPIB, Temasek Join 20 Sellers in NSE IPO
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- CPPIB is among 20 investors selling a 5% stake in NSE valued at $2.75bn.
- Temasek also plans to offload shares, joining Indian state insurer Life Insurance Corporation, State Bank of India, and private equity firm ChrysCapital.
- National Stock Exchange will file its draft prospectus with SEBI next month after a monetary settlement resolves litigation, clearing the way for the IPO.
- National Stock Exchange posted a 15% rise in Q3 after‑tax profit to 24.08bn rupees and a near 7% increase in revenue, boosting its valuation to $55bn.
Why it matters: CPPIB, Temasek and other sellers cash out up to $2.75bn, while NSE gains a public market listing and deeper liquidity, strengthening its capital‑raising ability amid India’s broader economic challenges.
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