National Stock Exchange of India Ltd., the nation’s largest bourse, plans to offer short sales within the next few weeks aimed at luring investors to the local market after expanding in the U.S. and Singapore.The company, which counts Goldman Sachs Group Inc. and Temasek Holdings Pte as shareholders, will introduce short selling to meet a “huge demand,” Chief Executive Officer Ravi Narain said in an interview at his office in Mumbai.
Temasek, Singapore’s state-owned investment company, called its 5 percent investment in the National Stock Exchange “a proxy to India’s growth and the development of its capital markets” when it bought out NYSE Euronext’s stake this month. Full Story
