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Jane Street fallout hits top India bourse’s pre-IPO valuation

  • Shares of National Stock Exchange of India Ltd. have dropped almost 10% due to concerns related to Jane Street issue impacting derivative volumes.
  • The drop in NSE's unlisted shares comes after a surge in late October fueled by hopes for an IPO. NSE was valued at about $69 billion at its recent high.
  • Traders are worried about the impact of the Jane Street episode on trading rules, potentially delaying NSE's listing plans on hold for nearly a decade.
  • The NSE's profit and revenue figures, along with the temporary ban on Jane Street by SEBI, have added to the complexities surrounding NSE's listing plans.

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