Practice: Dalal Street is eagerly awaited for the launch of the National Stock Exchange (NSE) Interested Public Offer (IPO). Currently, a stock of the company is trading at a price of about Rs 2,350 per share in the unlisted market. The current market cap of NSE on this price is believed to be around Rs 5.56 lakh crore. Many government companies (PSUs) also have a good stake in the NSE. In such a situation, these government companies are expected to get the most benefit from this IPO.
The IPO has remained a big topic of discussion in the market these days. In the unlisted market, the current market cap of NSE is being considered ₹ 5.56 lakh crore at a price of ₹ 2,350 per share. The biggest benefit from this IPO is expected to get the country’s government companies (PSUs).
Currently, India has a total of 31% stake in NSE. Based on the current valuation, the estimated value of this stake is about 1.74 lakh crores. Let’s know which PSUs companies have the biggest stake in NSE and what is its current value-
Life Insurance Corporation of India (LIC)
The country’s largest insurance company LIC has a 10.72% stake in the NSE. According to the current price of the unlisted market, the value of this stake is more than Rs 59,600 crore.
Stock holding corporation
This unlisted government company has a 4.44% stake in NSE. Its current value is around Rs 25,000 crore.
SBI Capital Markets
It is the subsidiary company of State Bank of India. The company holds a 4.33% stake in the NSE, which has been priced more than Rs 24,000 crore.
State Bank of India (SBI)
The Bharatay State Bank itself also holds a share of around 3.23% in NSE. Its current value is around ₹ 18,000 crore.
General Insurance Corporation (GIC)
This listed company holds 1.64% stake in NSE, which has a current value of around Rs 9,118 crore.
Apart from these, some other government companies like Oriental Insurance, National Insurance, New India Assurance, Bank of Baroda, United India Insurance, Indian Bank, SBI Life, IDBI Trustee and Punjab National Bank (PNB) also have a stake in National Stock Exchange (NSE).
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