NSE investors hold tight as price surges in grey market
“NSE shares were trading at a 50% discount to BSE’s at least five-six months back,” Sanat Mondal, head of private markets at Sanctum Wealth told Mint. “In the last few weeks, the discount has narrowed in the range of 10-15%.”
NSE’s privately held shares are trading between ₹2,375 and ₹2,419 apiece. That’s 48 times its FY25 earnings, according to UnlistedZone, a private market broker for retail investors. Rival BSE commands a multiple of 64.2 times its FY25 earnings, according to a recent Motilal Oswal Financial Services report.
The market has perceived recent reports of NSE exploring a ₹1,000 crore regulatory settlement with the Securities…
