The Bengal Story Bureau: The draft red herring prospectus for the highly anticipated National Stock Exchange initial public offering has revealed a high-profile list of individual and institutional shareholders. DMart founder Radhakishan Damani, Infosys co-founder Kris Gopalakrishnan, and the Massachusetts Institute of Technology are among the prominent names holding stakes in India’s largest stock exchange. According to the filing, none of these marquee individual investors are selling their equity in the upcoming offer for sale.
Damani and Tech Founders Hold Firm
The draft papers show that Damani is the most prominent individual investor on the stock exchange cap table. He holds a 1.58 per cent stake, which translates to roughly 3.90 crore shares. His presence is further strengthened by two related entities, Damani Estates and Finance Pvt Ltd and Kalpana Ramesh Damani, who also hold shares.
Technology industry veterans are equally well-represented. Gopalakrishnan holds a 0.44 per cent stake, amounting to about 1.08 crore shares. Catamaran Ventures LLP, the investment vehicle associated with fellow Infosys founder N.R. Narayana Murthy, holds a 0.18 per cent stake. Hero Enterprise chairman Sunil Kant Munjal is also listed with a 0.45 per cent holding. None of these individuals or their related entities will offload shares during the public issue.
Read More: TCS Trade Secret Case: US Supreme Court Rejects Appeal, IT Major Faces Extra Hit
Global Institutions and Prominent Names
Alongside the billionaire founders, the shareholder list features significant institutional backing. The Massachusetts Institute of Technology holds a direct 0.31 per cent stake of about 77 lakh shares, choosing to invest directly rather than through a traditional fund vehicle. Global investment firm Tiger Global Five Holdings owns 0.78 per cent.
Corporate entities like the Serum Institute of India, Tata Investment Corporation, and Adani Properties Private Limited appear on the register. The document also lists some unexpected names, including Jignesh Shah, the founder of MCX and 63 Moons, who faced regulatory action following the 2013 National Spot Exchange payments crisis.
Retail Market Interest
The appearance of Chennai-based investor Dolly Khanna has caught the attention of retail market participants. Khanna, whose portfolio moves are closely tracked by ordinary investors, managed to secure a stake in the exchange long before its public listing plans materialised.
Read More: Aluminium Stocks Crash: Vedanta, NALCO Plunge 6% After US-Iran Peace Deal
The shareholder list structured in the draft prospectus covers entities and individuals whose combined holding makes up at least 80 per cent of the pre-offer share capital. While major public sector institutions like the State Bank of India plan to sell portions of their holding, the private billionaires and tech founders appear content to remain invested in the national exchange.
