– Investcorp secured acquisition of NSEIT, the digital technology division of India’s National Stock Exchange (NSE)

– The Deal excludes NSEIT’s digital examinations business; representing one of India’s largest mid-market transactions at $119.82 million.

– Investcorp emphasizes commitment to scaling investments in India’s technology and financial sectors with this strategic acquisition.

Investcorp, a global alternative investment firm, has announced its agreement to acquire NSEIT, the digital technology arm of India’s National Stock Exchange (NSE). 

This $119.82 million acquisition represents one of India’s largest mid-market deals, emphasizing Investcorp’s dedication to bolstering its investments in India’s technology and financial sectors.

NSEIT, renowned for its advanced digital transformation and cybersecurity services catering to global clients in capital markets, insurance, and banking, boasts a robust presence in India, North America, and the Middle East. 

The acquisition underscores Investcorp’s track record in technology investment, particularly in the US, while aligning with NSEIT’s focus on expanding its footprint in the US financial services sector. 

Gaurav Sharma, Head of India Investment Business at Investcorp, emphasized the strategic significance of the acquisition, highlighting Investcorp’s commitment to high-growth sectors. 

Ashish Kumar Chauhan, MD and CEO of NSE, expressed confidence in Investcorp’s stewardship, foreseeing new heights of innovation and market expansion for NSEIT. 

Varun Laul, Partner at Investcorp, emphasized NSEIT’s potential for global growth, aligning with Investcorp’s strategy of nurturing entrenched assets. 

Anantharaman Sreenivasan (Ganesh), MD and CEO of NSEIT hailed the acquisition as pivotal, positioning NSEIT uniquely for value enhancement and innovation in the evolving digital landscape.