TechCrunch
360 One lifts its valuation of India’s National Stock Exchange to $29.9B
360 One Asset, an investor in India’s National Stock Exchange (NSE), has increased its valuation for the stock exchange to $29.9 billion, significantly higher than the $18 billion to $19 billion price tag the firm was valued at in private transactions last year. The wealth manager, which invested in NSE through its SOF8 fund, disclosed its assessment of its stake in the NSE in an update to its investors in June that was reviewed by TechCrunch. The mark up in valuation reflects the growing confidence in India’s economic prospects and a surge in public listings in the country.
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