Investcorp has agreed to acquire NSEIT, a leading digital technology subsidiary of the NSE, for INR 1,000 crores, enhancing its foothold in India's technology and financial services sectors.
Target Overview
Investcorp, a prominent alternative investment firm, has announced its acquisition of NSEIT, the digital technology subsidiary of the National Stock Exchange (NSE) in India. This deal, valued at INR 1,000 crores, is one of the largest mid-market transactions in the country and excludes NSEIT's digital examinations business. NSEIT specializes in providing advanced digital transformation and cybersecurity services, primarily targeting global customers within the capital markets, insurance, and banking sectors.
NSEIT has established a strong market presence not only in India but also in North America and the Middle East. Its service offerings encompass digital engineering, data analytics, artificial intelligence, cloud services, and cybersecurity. Over the past four years, NSEIT has witnessed an impressive compound annual growth rate (CAGR) of over 50%, driven by its expanding client base in financial services, particularly in the United States.
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Industry Overview in India
The technology and financial services sector in India is experiencing rapid growth, fueled by digital transformation across industries. The Indian government has implemented various initiatives to promote digitization, ther
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Disclosed details
Transaction Size: $120M