The National Stock Exchange of India Ltd (NSE) has concluded the selection of merchant bankers, law firms, and other intermediaries for its proposed initial public offering (IPO). India’s largest exchange appointed 20 merchant bankers to manage the mega share sale, including the Indian units of Morgan Stanley, Citigroup, JP Morgan and HSBC Securities. Domestic firms…
Discount brokers primarily provide the execution platform for placing trades, generally at a flat fee per order. This fee is currently ₹20 per order at leading discount brokers such as Angel One Ltd, Billionbrains Garage Ventures Ltd (Groww) and Zerodha. They depend more on brokerage income from futures and options (F&O) than full-service brokerages such…
The Securities and Exchange Board of India (Sebi) has issued a no-objection certificate (NoC) for the public listing of National Stock Exchange of India Ltd (NSE), according to two people familiar with the matter. The development puts an end to nine years of waiting for the initial public offering (IPO) of the country’s largest stock…
