LIC, the founding and largest shareholder in NSE, holds a 12.51 per cent stake.
While both IDBI and LIC held stake in the exchange, the shareholding threshold in NSE was breached when LIC acquired a 51 per cent controlling stake in IDBI Bank.
This led to the holding of trading members in NSE breaching the 49 per cent mark under the Stock Exchange and Clearing Corp. (SECC)’s norms. While LIC’s holding was earlier not considered to be of a trading member, with the stake buy in IDBI Bank, it was reclassified as a trading member.
Recent media reports have hinted that Rs 10,000-crore initial public offering (IPO) by NSE is close to getting regulatory approval.