Goldman Sachs-Backed Indian Bourse Favors Ventures Over Mergers

National Stock Exchange of India Ltd., the nation’s largest bourse, will seek to collaborate with other exchanges on joint products rather than merge or acquire to drive growth, the chief executive officer said.

The NSE plans to introduce rupee-denominated derivatives based on the U.K.’s benchmark FTSE 100 Index, the Standard & Poor’s 500 Index and Dow Jones Industrial Average and is seeking an “exciting Far Eastern product,” Ravi Narain said in an interview at the World Federation of Exchanges IOMA/IOCA conference in Mumbai. The exchange will also expand in currency and interest-rate derivatives, he said.