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Norwest Venture Partners - National Stock Exchange India stake acquisition

US$50.50 m
  • Entry date - Friday, 26 June 2009
  • Jurisdiction - India
  • Practice - M&A
  • Norwest Venture Partners acquires 2.11% of the National Stock Exchange (NSE) of India from IL&FS Securities Services Limited for approximately US$50.5m.

  • Firm
    Shearman & Sterling
  • Client
    Norwest Venture Partners
  • Lead Lawyers
    Paul Strecker
  • Role
    Counsel to Acquirer


DEAL SUMMARY

Norwest Venture Partners acquires 2.11% of the National Stock Exchange (NSE) of India from IL&FS Securities Services Limited for approximately US$50.5m.


Deal follows Ministry of Finance clarification of foreign institutional investor rules to hold up to 23% Indian exchange's equity. 



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