NSE allots shares worth $703 million to anchor investors ahead of IPO, sources say

NSE allotted shares worth around $703 million to anchor investors ahead of its $2.3 billion IPO, one of India's largest on record. Top anchor investors included LIC, Norway's Norges Bank, Abu Dhabi's ADIA, and U.S. asset manager Fidelity. The IPO is entirely an offer-for-sale by existing shareholders with NSE receiving no proceeds, and subscription opens on Thursday and closes on Monday.