Economy
National Stock Exchange Sets ₹22,569 Crore IPO Price Band
The Hindu2h
THE BRIEF
1
The National Stock Exchange is set to raise ₹22,568.9 crore through an initial public offering consisting entirely of an offer for sale by existing shareholders.
2
The price band is set between ₹1,700 and ₹1,785 per share, with public subscription scheduled from September 17 to September 24 and anchor bidding on September 16.
3
State Bank of India will be the largest selling shareholder, offloading shares worth ₹2,850.5 crore based on the upper price band.