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India’s Biggest Bourse Explores Listing Shares on Rival Exchange

The National Stock Exchange of India Ltd., the country’s biggest bourse, plans to seek board approval for an initial share sale, Chairman Sunil Behari Mathur said.

“The board has to take some conscious calls about the right timing of the share sale,” Mathur said in a telephone interview on Friday. A decision will be taken once the nation’s securities regulator issues revised guidelines for new applications for exchange listings.