The National Stock Exchange (NSE) has appointed Citibank, JM Financial, Kotak Mahindra and Morgan Stanley as lead investment banks to manage its initial public offering (IPO). Cyril Amarchand Mangaldas has been appointed as legal advisor for the IPO.
The decision was taken during its board meeting held on Monday. “The exchange is committed to listing its shares at the earliest possible time frame,” said NSE in a press statement.
The board also approved the appointment of Price Waterhouse & Co as auditors for the financial year 2016-17. With the appointment of merchant bankers, the NSE listing process has gained momentum.
“NSE will consider the appointment of more banks for additional roles as may be felt expedient,” the press release added. NSE said in June that it would file for a domestic initial public offering (IPO) by January 2017, and would also pursue one abroad.