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    Stock Market Highlights: Sensex settles 296 pts lower after volatile session, Nifty below 24,800; Tata Steel drops 3%, Sun Pharma 2%

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    The National Stock Exchange (NSE) of India is poised to book a staggering return of 6,415% on its early investment in National Securities Depository Limited (NSDL), with its Rs 59 crore stake now valued at Rs 3,840 crore, in the wake of NSDL’s Rs 4,012 crore IPO, which opened on Wednesday, July 30 and is expected to unlock significant value for its long-term shareholders.

    NSE was among the earliest institutional backers of NSDL, India’s first and largest securities depository, having picked up a 24% stake, equivalent to 4.8 crore shares, at an average cost of just Rs 12.28 apiece. That investment, made well before NSDL’s public debut, has since appreciated sharply in value. Read more

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