Economic TimesLean R·
Landmark NSE IPO threatens to hollow out Dalal Street’s shadow market
The landmark listing of National Stock Exchange of India Ltd. is set to deliver a major boost to the country’s primary market, but it will be a significant blow to the booming trade in unlisted shares.The operator of the world’s busiest derivatives market accounted for roughly half of the trading volume in the shadow market, according to an estimate by trading platform UnlistedZone. Its initial public offering threatens to trigger a sharp drop in activity, forcing platforms that facilitate such…
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