NSE IPO: Nithin Kamath explains why India has few businesses like this ‘cash generating machine’ (opens original article in a new tab)

NSE's Rs 30,000-crore IPO is set to be India's second-largest public offering, with Nithin Kamath highlighting the stock exchange's high dividend payouts and discussing tax implications on corporate profits and shareholder returns.

• NSE IPO is set to be India's second-largest public offering after Jio Platforms' issue
• Kamath highlights NSE's high dividend payout ratio of 84% and limited investment avenues for surplus cash
• Kamath argues that tax disparities between dividends and capital gains incentivize companies to retain earnings over distributing profits