NYSE, Goldman Invest in India's National Market
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NYSE Group Inc. and Goldman Sachs Group Inc. led a group of investors that agreed to buy 20 percent of the National Stock Exchange of India Ltd., tapping the world's second-fastest-growing major economy.
The National exchange will receive $115 million from NYSE Group for a 5 percent stake in a transaction that values India's largest equity market at $2.3 billion. Goldman, General Atlantic LLC and Softbank Asian Infrastructure Fund will buy 5 percent each, the closely held NSE said without disclosing a price.