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flag India’s NSE is set for a $2.5B IPO, with bankers to be chosen by mid-March.

flag The National Stock Exchange of India has invited investment banks to pitch for roles in its upcoming $2.5 billion IPO, marking renewed progress after years of delays. flag The exchange, which operates the world’s busiest derivatives market by volume, appointed Rothschild & Co. as an independent adviser to oversee the selection of lead bankers and legal counsel. flag Advisers are expected to be chosen by mid-March, with the IPO structured as an offer for sale, potentially involving a 4% to 4.5% stake from existing shareholders. flag The transaction, valued at around $2.5 billion based on unlisted market prices, could become one of India’s largest IPOs.

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