India’s National Stock Exchange (NSE) Managing Director and CEO, Ashishkumar Chauhan, highlighted the changing landscape of the country’s financial ecosystem. He emphasized the increasing importance of innovation, intellectual property, and new-age businesses in driving value creation in India’s capital markets. Chauhan noted that as India moves towards an intangible economy, ideas and intellectual property are becoming central to value creation, with capital markets playing a crucial role in supporting such businesses to grow.
Chauhan also discussed the valuation process for companies planning public listings. He mentioned that valuations are typically determined by merchant bankers, but in the absence of their appointment in the concerned case, the final valuation figures remain unknown. Additionally, he pointed out that the current regulatory framework allows companies to maintain a smaller public float under specific circumstances.
Addressing the recent correction in equity markets, A. Balasubramanian, Managing Director and Chief Executive Officer of Aditya Birla Sun Life AMC Limited, attributed the downturn to rising geopolitical tensions, particularly the conflict involving Iran. This situation has raised concerns about energy supplies and led to an increase in oil prices. Balasubramanian highlighted that while the market correction is unfavorable for India, it is primarily influenced by global factors rather than domestic economic weaknesses.
