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Market Chatter: National Stock Exchange of India Cuts IPO Price Band, Trimming Valuation to INR4.42 Trillion

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The National Stock Exchange of India is expected to price its initial public ​offering between ​1,700 Indian rupees and 1,785 ⁠rupees per ​share, Bloomberg News ​reported Tuesday, citing people familiar with the matter.

The reported range is lower than the earlier marketed range of 2,000 rupees to 2,100 rupees.

The proposed pricing band would value India's stock exchange operator at about 4.42 trillion rupees, down from its earlier marketed valuation of 5.26 trillion rupees, the report said.

The NSE did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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