National Stock Exchange of India has begun work on an ambitious IPO of Rs60bn-Rs70bn (US$900m-$1bn) amid concerns of potential sanctions from the market regulator, after revelations that it granted preferential treatment to some traders. The IPO, planned for the current half, is set to be India's largest since Coal India's Rsl55bn float in 2010. After a stellar 2016 for Indian IPOs, the float is critical to maintaining the market's momentum in the newly unpredictable environment created by the de-monetisation of high-denomination rupee banknotes.
展开▼
