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NSE stock king of unlisted universe; monthly turnover tops $300 mn
Mint Mumbai
|October 26, 2023
Shares of the National Stock Exchange (NSE), India’s biggest bourse, are among the most sought-after among unlisted companies, with the average monthly turnover topping $300 million in off-market trading, wealth managers and investment bankers said.
From family offices of ultra-high net worth individuals to private equity funds, investors want a share of NSE’s growing market share pie. According to these people, the current share price of the exchange hovers around ₹3,200 per share in the unlisted market, up from ₹2,750 a share a year back, according to analysts and investment bankers, owing to low supply and high demand.
Private equity funds that invested in the stock even four years back at a price of ₹1,100 a share have already made 3x returns on their investments, investment bankers said.
This story is from the October 26, 2023 edition of Mint Mumbai.
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