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NSE files DRHP with SEBI for IPO

The National Stock Exchange (NSE) has filed draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for its much-awaited Initial public offering (IPO). The Draft Red Herring Prospectus (DRHP) has been filed with SEBI well ahead of the exchange’s own deadline of January 31, 2017.

The initial public offer will see existing shareholders offloading 20-25 per cent shares to the public through the OFS route. The offer may give the exchange a valuation of Rs 50,000-55,000 crore. The IPO itself could be worth about Rs 10,000 crore.

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