Economy
NSE initial public offering opens with shares priced up to 1,785 rupees
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THE BRIEF
1
The National Stock Exchange of India Ltd.’s initial public offering opened for orders with shares offered at 1,700 to 1,785 rupees each, closing on September 21.
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The offering is entirely a secondary sale by existing shareholders aiming to raise up to 226 billion rupees at the top end of the price range.
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At this valuation, the deal represents the second-largest IPO in the country behind Hyundai Motor India Ltd.'s 2024 listing.