NSE share price: India’s biggest stock exchange, the National Stock Exchange of India (NSE), has now become the largest unlisted company in the country in terms of the number of shareholders.
According to media reports, the number of shareholders of NSE has crossed the 1,00,000 mark, further expanding the investor base. The flurry of activity in unlisted NSE shares has come after the stock exchange expedited the process of transferring shares between counterparties on March 24.
From three to four months earlier, the share transfer process has been slashed to just one day, thus driving the shareholder count.
In less than a month, the investor base grew nearly threefold, from 22,400 shareholders in late March to around 60,000 as of April 11, according to an earlier Mint report. And now it has swelled by another 67% in almost one month.
Though Sebi’s circular last October was about easing share transfers for unlisted MIIs, NSE said it applied to its own share transfer on 21 March, after Tuhin Kanta Pandey took charge as Sebi chairman from Madhabi Puri Buch on 1 March, the Mint report said.
