According to reports, the National Stock Exchange (NSE)'s digital technology division, has been acquired by Investcorp, a global alternative investment organization, for a sum of Rs. 1000 crore. The digital examinations company, which is also headquartered within NSEIT, is not included in the transaction.

NSEIT, a prominent supplier of cybersecurity and digital transformation services aimed at international clients in banking, insurance, and capital markets, is well-established in North America, the Middle East, and India. Cloud services, cybersecurity, data and analytics, artificial intelligence, and digital engineering are among the products and services offered by the organization.

According to the statement, this acquisition is a continuation of Investcorp's history of funding IT services and technology companies globally, especially in the US. By growing its clientele across financial services, NSEIT is concentrating on making a big impact in the US, where it has expanded at a compound annual growth rate of more than 50 percent during the previous four years.

“This transaction also highlights our unique ability to bring together our global platform as we look forward to driving international business working closely with our colleagues in the US and the rest of the world,” says Gaurav Sharma, Head of India Investment Business at Investcorp.

Ashish Kumar Chauhan, MD and CEO, NSE says, “This transaction is a continuation of NSE’s strategy to focus on its core business areas. The acquisition of NSEIT is a testament to the quality and potential of the business we've built. We are confident that under Investcorp's stewardship, NSEIT will not only continue to thrive but also reach new heights in innovation and market expansion.”

“NSEIT’s capabilities in advanced digital and cybersecurity technologies combined with its vertical focus in financial services uniquely position it for global growth,” says Varun Laul, Partner at Investcorp.