NSE shares made a tepid market debut but soon gained up to 5% on Thursday, with brokerages remaining bullish on the stock’s long-term trajectory. Superstar investors such as Radhakishan Damani, Raamdeo Agrawal and Dolly Khanna, who skipped the stock exchange’s offer for sale, saw the value of their stakes rise following the listing-day rally.
Billionaire investor Radhakishan Damani holds 3.91 crore NSE shares, or a 1.58% stake in the stock exchange, according to the company’s IPO papers. At the upper end of the IPO price band of Rs 1,785 apiece, his stake was worth around Rs 6,980 crore. However, at today’s high of Rs 1,878, Damani’s stake would be worth more than Rs 7,340 crore.
Among the other names explicitly named alongside Damani who sat out the offering are small-cap stock picker Dolly Khanna, veteran value investors Raamdeo Agrawal and Motilal Oswal. Khanna holds 15.16 lakh shares (a 0.06% stake) worth about Rs 285 crore at today’s high, while Agrawal and Oswal each hold 8 lakh shares, a 0.03% stake, worth roughly Rs 150 crore each.
