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Investcorp buys Indian tech company for $120m  

By Pramod Kumar
The National Stock Exchange in Mumbai, India. Bahrain's Investcorp is investing in technology and IT services companies worldwide Reuters/Francis Mascarenhas
The National Stock Exchange in Mumbai, India. Bahrain's Investcorp is investing in technology and IT services companies worldwide

Bahrain’s alternative asset manager, Investcorp, is to acquire the digital technology business of India’s National Stock Exchange (NSE) for $120 million.

NSEIT provides advanced digital transformation and cybersecurity services to global customers in capital markets, insurance and banking in India, North America and the Middle East.

The services include digital engineering, data and analytics, artificial intelligence, cloud services and cybersecurity services. 

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The acquisition in India is part of Investcorp’s strategy of investing in technology and IT services companies worldwide, particularly in the US.

NSEIT is focused on expanding in the US after recording more than 50 percent compound annual growth rate over the last four years.

Investcorp is a major investor in mid-market companies in India, both in the asset-light (private equity) and asset-heavy (real estate) sectors. 

The Bahraini company has assets under management worth $50 billion across the GCC, the US, Europe and Asia.

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