Azim Premji is a man on the lookout for good investments and value for money. Just shortly after he funded Jagdish Khattar’s new venture, his $1 billion investment company Premji Invest has picked up a 3% stake in the National Stock Exchange (NSE) for $100 million (~Rs.480 crore). This deal values the stock exchange at $3.3 billion (~Rs.15,840 crore).

The reason for offloading the stake was in order to conform to the Govt. guidelines according to which they could hold a maximum of 5 per cent each in Indian stock exchanges. SEBI has also decided to allow certain categories of shareholders to hold up to 15% in the bourses.

Premji Invest is now looking to ramp up it’s investing, and have so far invested in Cicada Resorts, Healthcare Global, Subhiksha Retail, Carnation and now the NSE.

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