An investor in the National Stock Exchange(NSE) is offering stake in the country’s largest bourse for sale, according to an advertisement posted on the stakeholder’s behalf by IDBI Capital Market Services.
A client of IDBI Capital plans to sell 384,798 shares in the Mumbai-based company, according to the posting in a national newspaper today. The last date for submitting bids is September 22, it said. R Swaminathan, vice-president in the institutional business group at IDBI Capital, declined to name the seller or provide more details when contacted today. The NSE sold 5 per cent stake in January 2007 to NYSE Group for $115 million, valuing the bourse at $2.3 billion. Goldman Sachs Group, General Atlantic LLC and Softbank Asian Infrastructure Fund also purchased 5 per cent stakes at that time at an undisclosed price.