MUMBAI: International different funding agency Investcorp on Monday introduced it was buying NSEIT, the digital know-how providers enterprise of the Nationwide Inventory Trade (NSE), for Rs 1,000 crore.
The transaction doesn’t embody the digital examinations enterprise that can also be housed inside NSEIT, a number one supplier of superior digital transformation and cybersecurity providers.
“This acquisition is a major step in our growth efforts in India and underscores our dedication to investing in high-growth sectors and backing credible founders and administration groups,” stated Gaurav Sharma, Head of India Funding Enterprise at Investcorp.
Ashish Kumar Chauhan, MD and CEO of NSE, stated this acquisition is a continuation of NSE’s technique to deal with its core enterprise areas.
“The acquisition of NSEIT is a testomony to the standard and potential of the enterprise we have constructed. We’re assured that underneath Investcorp’s stewardship, NSEIT is not going to solely proceed to thrive but additionally attain new heights in innovation and market growth,” he added.
NSEIT is concentrated on important growth within the US, the place it has grown at over 50 per cent CAGR during the last 4 years, by growing its roster of purchasers throughout monetary providers.
Anantharaman Sreenivasan, MD and CEO of NSEIT stated that their robust credentials, mixed with Investcorp’s international attain, “uniquely positions us to drive worth enhancement for our purchasers, each current and future”.
“We thank NSE for its steerage and management in enabling NSEIT to realize a formidable place in India and international markets,” he added.
Investcorp‘s investments in India embody International Dental, Wakefit, Canpac, Xpressbees, Nephroplus, Safari Industries, InCred, Citykart, Zolo, Freshtohome, Intergrow Manufacturers, Unilog, V-Guarantee, and NDR Warehousing.
