Nse Ipo: Damani to make huge profits if NSE IPO happens!

If the National Stock Exchange (NSE) goes public, then prominent investor and DMART chief Radhakishan Damaniwillstand to gain! Because Damani has a stake in NSE.1.58%(3.91 crore shares). Damani bought this stake from foreign investor Norwest Venture Partners in January-March 2020.
What is the value of NSE shares?
NSE shares are not listed on exchanges. However, the unlisted share price is Rs. 2,389 each. As a result, the net value of NSE shares held by Damani is Rs. 9,341 crore. Meanwhile.. NSE (Nse Ipo) has been waiting for SEBI approvals to come to IPO for a long time. This dream is expected to come true this financial year.
Will Damani sell its stake?
Usually, when large companies raise funds through IPO, promoters - current shareholders - sell some shares under the offer for sale and get the benefit.Will Damani sell his stake in the NSE IPO? Or will he continue? It is not clear. If he sells, he will get a significant return on his investment, according to market analysts. Large companiesmake an Offer for Sale(OFS)during an IPO .

Promoters and shareholders will sell shares through OFS. If Damani also sells his shares under OFS, he is likely to make huge profits on his investment. However, it is not yet clear whether Damani will sell his stake or continue.

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