LIC won’t sell stake in NSE IPO OFS, betting on exchange's long-term potential

LIC, which holds a 10.7 percent stake (about 26.5 crore shares) in NSE, has decided not to participate in the offer for sale during NSE's upcoming IPO, signalling confidence in the exchange's long-term value creation rather than using the listing as an exit. NSE disclosed through its DRHP that its investor base grew at a compounded annual rate of 26.9 percent to 12.91 crore unique investors as of March 2026, with the platform facilitating total fund mobilisation of Rs 20.3 lakh crore in FY2026 and commanding a near-total share of trading volumes across India's two most active asset classes.