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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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