National Stock Exchange of India Ltd

• carry out the Offer for Sale of 126,436,650 Equity Shares of face value of ₹1 each by certain Selling Shareholders aggregating up to ₹ 225,615.74 million₹22.56k Cr
• achieve the benefits of listing the Equity Shares on BSE

Except as disclosed in this section, there are no outstanding (i) criminal proceedings (including matters which are at FIR stage even if no/some cognizance has been taken by any court or any other judicial authority); (ii) actions (including all outstanding penalties, disciplinary actions and show cause notices) taken by statutory or regulatory authorities, in India or overseas; (iii) claims relating to direct and indirect taxes, in a consolidated manner, giving the number of cases and total amount involved in such cases (with separate disclosures regarding claims related to direct or indirect taxes which exceed the materiality threshold (as defined below); and (iv) other civil/tax/arbitration proceedings as determined to be material pursuant to the Materiality Policy, in each case involving our Company, its Subsidiaries and Directors ("Relevant Parties").

• A decrease in the volume and value of transactions executed on our stock exchange could significantly reduce demand for our products, constrain our growth, and adversely affect our business, financial condition, results of operations, cash flows, and prospects.(Market Activity)

• Adverse macroeconomic developments in India and globally, including slowing GDP growth, rising inflation, increasing interest rates, currency depreciation, or a downgrade in India's sovereign credit rating, could dampen investor confidence and reduce participation in the Indian securities markets.(Macroeconomic)

• Global headwinds such as recessionary conditions in major economies, supply chain disruptions, or commodity price fluctuations could reduce foreign portfolio investment flows into India.(Macroeconomic)

• Escalating geopolitical tensions, including ongoing conflicts such as the Russia–Ukraine war and the conflict in the Middle East, or the imposition of international sanctions, trade embargoes, or retaliatory tariffs, could further disrupt global capital flows, with consequential effects on the Indian securities markets.(Geopolitical)

• Any prolonged migration of investor preferences towards alternative asset classes such as real estate, fixed deposits, or cryptocurrencies could reduce demand for our platform and services.(Market Competition)

• Increases in taxes, including capital gains taxes, may impact investor interest in capital markets. With effect from April 1, 2026, the Government of India increased securities transaction tax rates on sale of futures in securities from 0.02% to 0.05% of the contract value and on the sale of options in securities from 0.10% to 0.15% of premium value.(Regulatory)

• SEBI introduced measures, including mandatory upfront collection of option premiums, increased minimum contract sizes, restrictions on permissible weekly expiries, and enhanced risk monitoring requirements, which have resulted in a moderation of trading volumes across both the cash and derivatives markets, including a decline in the ADTV of our equity futures and equity options and our trading revenues in Fiscal 2026.(Regulatory)

• Further, pursuant to SEBI’s Circular dated January 16, 2026, closing auction session (CAS) has been introduced in the equity cash segment of stock exchanges and the pre-open auction session framework has been revised.(Regulatory)

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

• National Stock Exchange of India Ltd. - DRHP16 Sept 2026
• NATIONAL STOCK EXCHANGE OF INDIA LIMITED - RHP11 Sept 2026
• National Stock Exchange of India Limited - DRHP18 Jun 2026