Temasek, LIC Eye 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 anticipated to participate as sellers in the IPO, which will consist solely of existing shareholders offering 4% to 4.5% of the company’s equity.
• All 190,000 NSE shareholders will have the option to participate in the secondary sale, with LIC holding 10.72% and Temasek approximately 4.5% stakes.
• NSE's board plans to form a committee, including top executives and representatives from LIC and SBI, to oversee the IPO process, with a meeting scheduled for February 6.
• NSE shares are trading at Rs 2,150 in the unlisted market, valuing the exchange at about Rs 5.3 lakh crore ($58 billion), making it the world’s fourth-most valuable exchange.

Why It Matters: Temasek and LIC are set to be key sellers in NSE's long-awaited $2.5 billion IPO, following regulatory clearance.