360 One Lifts Valuation of India's National Stock Exchange to $29.9B

• 360 One Asset, an investor in India's National Stock Exchange (NSE), has increased its valuation of the stock exchange to $29.9 billion.
• This new valuation is significantly higher than the $18 billion to $19 billion price tag from private transactions last year.
• The wealth manager disclosed this updated valuation in June, reflecting growing confidence in India's economic prospects and a surge in public listings.
• NSE reported a revenue of $1.94 billion for the financial year ending in March, a 28% increase from the previous year.
• The increase in valuation highlights India's growing prominence in global financial markets, with NSE being the world's largest derivative exchange.

Source: Techcrunch