NSE Invites Banks to Pitch for $2.5 Billion IPO, Selection by Mid-March

The National Stock Exchange of India (NSE) has initiated its long-awaited initial public offering (IPO) process by inviting investment banks to pitch for advisory roles, with selections expected by mid-March. The IPO, approved by NSE's board following a Securities and Exchange Board of India (SEBI) no-objection clearance, will be an offer for sale involving a 4 to 4.5 percent equity divestment by existing shareholders. Rothschild & Co has been appointed as an independent adviser to oversee the listing, which could raise approximately $2.5 billion (around Rs 23,000 crore), marking one of India's largest IPOs after years of regulatory delays.