NSE board approves IPO via OFS route

Mumbai: The board of the National Stock Exchange (NSE), the biggest stock exchange in India in terms of turnover and number of trades, on Friday gave its nod for the exchange to go for its long-awaited public offering. The NSE IPO will be an offer-for-sale. Currently, LIC, with a 10% stake in the bourse, is the largest shareholder, followed by the SBI group that holds 7.6% in the exchange. The exchange also set up a five-member panel consisting of its board members that will facilitate the IPO process. The members are Tablesh Pandey, Srinivas Injeti, Mamata Biswal, Abhilasha Kumari, G Sivakumar and Ashishkumar Chauhan.