6,415% return! NSE's Rs 59 crore investment turns to Rs 3,840 crore in NSDL
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The National Stock Exchange (NSE) of India is poised to book a staggering return of 6,415% on its early investment in National Securities Depository Limited (NSDL), with its Rs 59 crore stake now valued at Rs 3,840 crore, in the wake of NSDL’s Rs 4,012 crore IPO, which opened on Wednesday, July 30 and is expected to unlock significant value for its long-term shareholders. NSE was among the earliest institutional backers of NSDL, India’s first and largest securities depository, having picked up a 24% stake, equivalent to 4.8 crore shares, at an average cost of just Rs 12.28 apiece. That investment, made well before NSDL’s public debut, has since appreciated sharply in value. At the IPO’s upper price band of Rs 800 per share, NSE’s total holding is now worth Rs 3,840 crore, underscoring the windfall gains that long-term investors in India’s market infrastructure ecosystem are now beginning to realise. Regulatory push triggers partial exit A...