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Morgan Stanley, Citigroup & Actis pick up 6% stake in NSE
Global financial majors Morgan Stanley,Citigroup and Actis have picked up a total of 6% stake in the country's largest stock exchange, the National Stock Exchange, reports CNBC-TV18.
Global financial majors Morgan Stanley , Citigroup and Actis have picked up a total of 6% stake in the country's largest stock exchange, the National Stock Exchange, reports CNBC-TV18.
According to the NSE release, Morgan Stanley had entered an agreement to acquire 3%, while Citigroup will be picking up 2% and Actis 1% equity in the NSE.
This takes the combined foreign direct investment in NSE to 26%, the limit foreign ownership in domestic stock exchanges.
According to the NSE release, Morgan Stanley had entered an agreement to acquire 3%, while Citigroup will be picking up 2% and Actis 1% equity in the NSE. 
