Indian tycoon expected to make billions of dollars in gains by listing on the stock exchange.

Some of the richest investors in India, including Azim Premji and Radhakishan Damani, all hold shares in the National Stock Exchange of India; the exchange has submitted its initial public offering application, and the stakes held by these billionaires are expected to increase significantly in value. The value of these billionaires' stakes in the exchange is estimated to be in the billions of dollars, with Premji's holding expected to exceed $1 billion. The exchange's non-listed market valuation exceeds 5 trillion Indian rupees. This IPO will not only bring lucrative returns for retail investors, but also allow institutions such as the State Bank of India and Morgan Stanley to exit by reducing their stakes.