Investcorp, the Bahrain-based alternative investment firm, has acquired NSEIT Ltd, the technology services subsidiary of India’s National Stock Exchange (NSE), for a sum of $120 million. This move marks Investcorp’s largest deal in India to date. The acquisition encompasses NSEIT’s expertise in cybersecurity, digital transformation, and cloud services, enhancing Investcorp’s portfolio in high-growth sectors and reaffirming their investment strategy in the Indian market. NSEIT operates not only in India but has branched out into North America and the Middle East, offering a diversified range of digital tech services. NSE’s decision to divest from NSEIT aligns with its strategic refocusing on core operations, as elaborated by Ashish Kumar Chauhan, NSE’s managing director and CEO. The deal, however, does not include NSEIT’s separate digital examination line of business, which provides online recruitment, promotion tests, and digital upskilling services to corporate clients. Investcorp, which possesses over $52 billion assets under management worldwide, is no stranger to the Indian market, having invested in various sectors, including consumer facing brands like luggage manufacturer Safari Industries, financial services provider InCred, and mattress company Wakefit. The transaction demonstrates Investcorp’s continued commitment to growth and expansion in India, a key emerging market that offers diverse investment opportunities. The transaction was reported by Nishit Navin from Bangalore and edited by Savio D’Souza.

Financial Services, Information Technology Services,India, Bahrain

https://www.zawya.com/en/world/indian-sub-continent/indias-national-stock-exchange-to-sell-digital-tech-unit-to-investcorp-for-120mln-ltbzdrl9