NSE Pays 20 Banks 1.86 Billion Rupees in Fees for India IPO

National Stock Exchange of India paid approximately 1.86 billion rupees ($19.4 million) in fees to 20 banks for its $2.4 billion initial public offering, according to an exchange filing. The disclosure highlights the scale of underwriting costs for one of India’s major capital-markets transactions but provides no new operating or valuation information.