NEW DELHI — The New York Stock Exchange and three other overseas investors have signed an agreement
to collectively buy a 20 percent stake in India's National Stock Exchange, the exchanges said Wednesday.
The New York Stock Exchange Group Inc., investment banker Goldman Sachs, private equity firm General Atlantic and Japan's
Softbank Asian Infrastructure Fund will buy a 5 percent stake each from a consortium of Indian shareholders, the National
Stock Exchange said in a statement.
The statement didn't disclose financial details of the deal, but the NYSE said in a statement from New York that it was
paying $115 million for its part.
The deal follows a recent decision by the Indian government to allow foreign investment in stock exchanges.
"Our investment in India's National Stock Exchange (NSE) compliments our global growth strategy," NYSE Chief Executive
John A. Thain said in the statement. "Through a mutually beneficial partnershi
Clarifying India's stand, special envoy to negotiations Shyam Saran said that if its concerns are not allayed, it will 'have
to walk away from the nuclear deal and will walk away from it'.