National Stock Exch.

MUMBAI, Oct 5 (Reuters) - Indian billionaire Mukesh Ambani's Jio Platforms plans to launch its initial public offering on October 21, seeking to raise about $3.8 billion in what is set to be India's biggest listing, two sources familiar with the matter said.

The shares are expected to list on October 28.

The country's biggest listing to date is Hyundai Motor India's HYUN.NS $2.9 billion listing in 2024, while the National Stock Exchange of India NSEI.BO made its market debut last month after a $2.3 billion IPO.

The sources were not authorised to speak to media and declined to comment. Reliance did not respond to a Reuters request for comment.

Proceeds from the offering will largely be used to repay debt owed by its telecoms division. Jio Platforms, which counts Meta META.O and Google among its major foreign investors, also runs AI, cloud and enterprise network businesses.

India has seen a rush of companies coming to market, with proceeds raised during April to September this year marking a record for the period.

Furthermore, almost 250 companies are in the pipeline to raise a combined 4.65 trillion rupees ($48 billion) through IPOs, according to information provider PRIME Database. This includes Danish brewer Carlsberg's India business, and hotel aggregator Oyo's parent Prism.

($1 = 96.2850 Indian rupees)

(Reporting by Vivek Kumar M in Bengaluru and Vibhuti Sharma in Mumbai; Editing by Edwina Gibbs)

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Updates to add context paragraph 6 onwards

MUMBAI, Oct 1 (Reuters) - National Stock Exchange of India NSEI.BO, the country's largest stock exchange operator, has received a no-objection certificate from the markets regulator to launch futures contracts linked to a corporate bond index, the exchange said on Thursday.

The launch is subject to approval from the Reserve Bank of India.

The proposed contracts would provide investors with an exchange-traded instrument to hedge and create arbitrage opportunities in a market that has grown in recent years but still lacks robust liquidity and risk-management tools.

Policymakers have repeatedly emphasised that India needs to deepen its corporate bond market to mobilise long-term capital as the economy expands.

The proposed contracts could strengthen the underlying corporate bond market by enabling more efficient risk transfer and support greater institutional participation, Sriram Krishnan, NSE chief business development officer, said in a statement.

NSE did not give details on the underlying corporate bond indices.

"Primary issuance has grown, particularly among highly rated issuers. The next stage must involve greater secondary-market liquidity and more continuous differentiation and pricing of credit risk," Rohit Jain, RBI deputy governor, said in a July speech.

As of August 2026, total outstanding corporate bonds stood at 61.05 trillion rupees ($636.07 billion), according to a recent Securities and Exchange Board of India bulletin.

The launch would also open a fresh revenue line for the NSE, which recently went public with a $2.3 billion IPO that valued the exchange at about $47 billion.

($1 = 95.9800 Indian rupees)

(Reporting by Khushi Malhotra and Jaspreet Kalra; Editing by Sherry Jacob-Phillips and Harikrishnan Nair)

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Recasts throughout with details from filing and background

Sept 30 (Reuters) - India's INOX Air Products has filed for an initial public offering, with existing investors including US industrial gas maker Air Products and Chemicals' APD.N unit looking to trim their stakes, draft papers showed on Wednesday.

Reuters reported earlier this year that the company, a joint venture between Air Products and Chemicals and India's INOX Group, was planning to launch a $1 billion IPO.

Existing investors including top shareholder Prodair Corp - a unit of Air Products and Chemicals - and INOX Chemicals are looking to offload up to 77.2 million shares in the IPO. INOX Air Products is not issuing new shares and will not receive proceeds.

The IPO filing also comes at a time when activity in India's primary market is picking up after a slow start to the year.

INOX Air Products is a manufacturer of industrial and medical gases, with 57 operating locations in India and merchant liquid gas capacity of 5,106 tonnes per day as of March 2026.

It competes with listed peers including Linde India LIND.NS, India's largest listed industrial gases company with a market value of about $5.6 billion, and Ellenbarrie Industrial Gases ELLE.NS, which went public last year.

India's industrial gases market was worth $11 billion in 2023, but this is set to rise to $21 billion by 2030, according to market research specialist Grand View Research.

INOX Air Products reported an about 4% rise in profit to 9.14 billion rupees for the year ended March 31, while revenue rose nearly 9% to 30.34 billion rupees.

Kotak, Citi, ICICI Securities and JPMorgan are the book-running lead managers for the IPO.

(Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Maju Samuel)

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** National Stock Exchange of India NSEI.BO shares fall 1.5% to 1,765.75 rupees, below IPO sale price of 1,785 rupees

** Stock down about 6% from listing-day high of 1,878 rupees

** Benchmark Nifty 50 index .NSEI down 1.1% on Monday, extending losses after seven consecutive weeks of drops

** Higher oil prices and elevated bond yields globally weigh on risk appetite for broader market

** Since listing last week, NSE down about 3%

(Reporting by Urvi Dugar in Bengaluru)

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Adds executive comments, details

By Jayshree P Upadhyay

Sept 25 (Reuters) - India's markets regulator should reconsider allowing exchanges to list on their own platforms, NSE NSEI.BO Chairman Srinivas Injeti said on Friday, a day after the bourse operator debuted on rival BSE at a valuation of about $47 billion.

India's markets regulator debated allowing self-listing in 2015 but rejected the idea over potential conflicts of interest, requiring their shares to trade on rival bourses.

However, self-listing is permitted in several major global markets. In the United States for example, the New York Stock Exchange's parent Intercontinental Exchange ICE.N is listed and traded on the NYSE, which it operates.

NSE accounts for about 93% of India's cash-market trading and nearly 75% of options.

IMPACT ON OPTIONS VOLUME IS LARGELY OVER

The world's busiest derivatives exchange listed as investors grow wary of slowing volumes and its reliance on options for growth.

Options trading has declined after tighter regulation and rule changes aimed at aligning Indian markets with global standards.

"Whatever volumes had to go down due to regulatory changes to cool down derivatives trading and due to teething issues due to closing auction session have already gone down," Ashish Chauhan, chief executive, NSE said in an interview with Reuters on Friday.

"Volumes are still high and spread across many instruments including monthly options which are pretty large," Chauhan said.

NEW GROWTH AVENUES

The Securities and Exchange Board of India has sought to curb speculative options trading by raising costs while encouraging growth in the cash market.

Chauhan said NSE would help develop the cash market if the government set out that objective through regulation.

Allowing foreign portfolio investors to trade bullion contracts would also help NSE grow its commodities business, Chief Business Officer Sriram Krishnan said.

India on Thursday permitted FPIs to participate in physically settled non-agricultural commodity derivatives, a move expected to boost trading volumes in bullion contracts by broadening the investor base and bringing the market more in line with global peers.

FPIs will be able to use capital already allocated for equity investments to trade in commodity derivatives, Krishnan said.

He added that slowly both commodities and data monetisation will evolve from peripheral activities into standalone revenue generators.

(Reporting by Jayshree P Upadhyay in Mumbai; Editing by Nivedita Bhattacharjee)

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** National Stock Exchange NSEI.BO offers a gateway to India's capital markets, as market development, growth story has a long runway in the country, says Emkay Global

** Brokerage starts coverage with "buy" and PT of 2,050 rupees, implying a 15% upside

** "We see a strong case for NSEI shares to be part of every India-focussed equity portfolio" - Emkay Global

** Says NSEI's leadership across cash and cash derivatives, rising household savings, record SIP flows augur well for its earnings outlook

** Projects NSEI to clock about 12% revenue CAGR over FY2027-2029 estimates

** NSEI lists at 0.84% premium over issue price on Thursday, rises as much as 5%

** Macquarie, PL Capital and AMSEC start coverage with "outperform", "accumulate" and "buy" ratings

(Reporting by Bharath Rajeswaran in Bengaluru)

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Sept 22 (Reuters) - National Stock Exchange Of India Ltd NSEI.NS:

• NATIONAL STOCK EXCHANGE OF INDIA LTD FIXES IPO OFFER PRICE AT 1,785 RUPEES PER SHARE- PROSPECTUS

Further company coverage: NSEI.NS

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