Global private equity player TA Associates picks up 2% stake in NSE

NSE has recorded huge growth in volumes this year and also has consolidated its market share

Global private equity player TA Associates has picked up two per cent stake in the National Stock Exchange (NSE), the county’s biggest bourse. The US-headquartered firm is said to have paid $150 million (Rs 1,130 crore) for a little over two per cent stake. The stake was acquired in multiple tranches in recent weeks. The transaction values the exchange at about Rs 51,000 crore and Rs 53,000 crore.
 

Dhiraj Poddar, managing director, TA Associates confirmed the acquisition but refused to divulge the price or the identity of the sellers.

“I can confirm that we have picked the stake. Two or