NSE Invites Banks to Pitch for Rs 23,000 Crore Initial Public Offering

The National Stock Exchange of India Ltd. (NSE) has invited investment banks to pitch for roles in its long-delayed initial public offering (IPO), with adviser Rothschild Co. overseeing the process. The IPO, expected to raise around Rs 22,700-23,000 crore through an offer for sale of 4-4.5% equity by existing shareholders, marks renewed progress after years of regulatory and legal delays. NSE operates the world's busiest derivatives market by contracts traded.