Temasek, LIC to Lead Share Sales in NSE's Anticipated $2.5 Billion IPO

• Temasek Holdings Pte. and Life Insurance Corporation of India Ltd. (LIC) are expected to be major sellers in the National Stock Exchange of India Ltd.'s (NSE) upcoming $2.5 billion IPO.
• State Bank of India Ltd. and SBI Capital Markets Ltd. are also likely to participate in the IPO, which will consist solely of existing shareholders offering 4% to 4.5% of the company's equity.
• LIC holds a 10.72% stake in NSE, Temasek has about 4.5%, SBI Capital roughly 4.5%, and SBI about 3.2%.
• NSE's board plans to form a committee to oversee the IPO process, including appointing investment bankers and determining share sales, with a draft prospectus filing targeted within three months.
• NSE, India's top bourse, reported a 15% revenue increase and 44% profit surge for fiscal year 2025, and recently received regulatory clearance for its IPO preparations after a decade-long delay.

Why It Matters: Major shareholders like Temasek and LIC are set to offload stakes in NSE's long-awaited IPO.