PROXY BENEFICIARY---> WHO BENEFITS FROM NSE IPO?

The NSE IPO is finally moving closer, but before NSE enters the stock market, one question is worth asking: Who actually owns India's largest stock exchange? The ownership structure is far more interesting than it looks. @@

Is One of the Biggest Shareholders LIC holds around 10.72% of NSE, making it the largest single institutional shareholder. That means one of India's biggest financial institutions has a significant stake in India's largest exchange. @@Foreign Investors Also Have a Major Presence Foreign institutions and strategic investors are among the important shareholders of NSE. @@SBI & SBI Capital Also Own NSE Two important names from the SBI ecosystem appear among NSE's shareholders: • State Bank of India — ~3.23% • SBI Capital Markets — ~4.33% @@Other Major Shareholders The ownership structure also includes: • Stock Holding Corporation of India • GIC Re • Alternative Investment Funds • HNIs • Retail investors • Other institutional investors Interestingly, prominent market investor Radhakishan Damani is also among NSE's shareholders according to its DRHP-related disclosures. ------>Bottom Line LIC, SBI, foreign investors, institutions, HNIs and market veterans — NSE has a remarkably diverse ownership structure. With the IPO now receiving final regulatory approval, the spotlight is shifting from: “Who owns NSE?” to “At what valuation will the market finally own NSE