Cheviot company acquires small stake in National Stock Exchange

Cheviot Company Limited disclosed the acquisition of 10,000 equity shares of National Stock Exchange of India Limited (NSEIL) for INR 1,83,00,000, at an average price of INR 1,830 per share. This transaction, executed on November 17, 2025, represents a 0.00646% stake, totaling 160,000 equity shares. The company states this is a long-term investment, acknowledging NSEIL's strong fundamentals and market position.

The acquisition triggers a disclosure under Regulation 30 of the Listing Regulations due to the acquisition price exceeding the specified threshold. Cheviot states there is no intention to acquire control, and the holding is below 0.01% of NSEIL's share capital, thus having no material impact on its control. NSEIL, incorporated in 1992 and recognized by SEBI in 1993, reported total equity of INR 26,187.78 crores and profit of INR 11,245.70 crores for the year ended March 31, 2025 (standalone).

Cheviot confirms that the acquisition does not fall under related party transactions, and neither the promoter nor promoter group companies have an interest in NSEIL. The company also indicated that no governmental or regulatory approvals were required for this transaction.