NSE Reduces IPO Size to Rs 23,500 Crore
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The National Stock Exchange (NSE) has cut its initial public offering (IPO) size to approximately Rs 23,500 crore, down from the earlier estimated Rs 30,000 crore. The exchange filed a revised draft prospectus with market regulator SEBI, indicating that existing shareholders' offer for sale has been reduced to 5.25%. The IPO is expected to launch in the third week of September, potentially retaining Hyundai Motor India's record for the largest IPO in India.
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