American stock market bubble reaches India - NYSE picks up 20% stake in NSE
Specia Correspondent
Jan. 10, 2007

Marking the opening up of the Indian stock exchanges to foreign investment, the world's largest stock exchange -- New York Stock Exchange – on Wednesday entered India by inking a deal to pick up a 20 per cent stake in the National Stock Exchange along with Goldman Sachs and two other private equity funds for 490 million dollars.

The agreement signed on Wednesday pegs the enterprise value of the country's largest bourse at about 2.5 billion dollars. Officials of the Punjab National Bank, IL&FS, ICICI, IFCI and GIC who divested part of their holdings in the NSE, initialed the Share Purchase Agreements with the global buyers which include the US-based General Atlantic and Softbank Asian Infrastructure Fund of Hong Kong.

American stock market bubble reaches India - NYSE picks up 20% stake in NSE
Specia Correspondent
The agreement signed on Wednesday pegs the enterprise value of the country's largest bourse at about 2.5 billion dollars.
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