Disclaimer: NSE is proposing, subject to receipt of requisite approvals, market conditions & other considerations, an IPO of its equity shares & has filed a DRHP dt. 28.12.16 with SEBI. The DRHP is available on SEBI & BSE website www.sebi.gov.in, www.bseindia.com, respectively. Investors should not rely on DRHP for making investment decision & should note that investment in equity involves a high degree of risk, details see the section titled Risk Factors in the RHP, when available.Any securities referred to herein have not been & will not be registered under the U.S. Securities Act of 1933, as amended (the Securities Act), & may not be offered or sold in the U.S. absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the U.S. or to make a public offering of the securities in the U.S.