Founding investor IDFC planning stake sale for India’s National Stock Exchange


stock-brokerage-market-share-listedIDFC is reportedly planning to sell part of its stake in India’s National Stock Exchange in a deal which could value the business at more than INR200bn ($3.7bn).

Infrastructure investor IDFC currently holds a 6.55 per cent stake in the business, and is looking to sell about 3 per cent according to the Economic Times.

It said Tata Group, Barclays, State Bank Group and Vedanta had also inquired about the proposed sale.

Goldman Sachs, General Atlantic and SAIF Partners are also five per cent stakeholders in the exchange.

IDFC was one of the original investors in the NSE.

Last month it emerged IDFC Private Equity-backed renewable energy producer Green Infra was hoping to raise $150m for new wind power projects.

The company was said to be in talks with both local and international investors to raise the capital needed to fund its expansion plans.

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