The National Stock Exchange of India on Thursday said that it has appointed Rothschild & Co as an independent advisor to oversee its long-awaited initial public offering.
Rothschild will help select lead bankers, legal counsels and other intermediaries for the IPO, NSE said in a statement.
Rothschild will also ensure information parity, consistent stakeholder communication, and comprehensive documentation of decisions, NSE added.
Last week, NSE's board approved an offer-for-sale by existing shareholders, after receiving clearance from the country's markets regulator to proceed with the IPO in January.
The country's largest bourse had also approved the formation of a committee to oversee activities related to the listing process.
The committee will be chaired by non-independent director Tablesh Pandey, with NSE's CEO serving as a member.
NSE is India's largest unlisted company by number of investors, adding to the complexity of the listing process. It has not disclosed any details regarding the offer-for-sale listing.
As it gears up for what could be one of India's biggest public listings, the exchange approved the appointment of Walker Chandiok & Co as its new auditor for five years, replacing Price Waterhouse & Co.
