New Delhi, March 12 -- The National Stock Exchange of India Ltd (NSE) on Thursday announced completion of the selection process for merchant bankers, law firms, and other intermediaries for its proposed Initial Public Offering (IPO), an NSE statement here said.

The NSE said the selection was carried out under a framework and evaluation methodology approved by NSE's IPO Committee through a structured, transparent, and competitive process.

A total of 20 merchant bankers have been selected for the proposed IPO. These include Kotak Mahindra Capital Company Ltd, JM Financial Ltd, Axis Capital Ltd, IIFL Capital Services Ltd (formerly IIFL Securities Ltd), Motilal Oswal Investment Advisors Ltd, ICICI Securities Ltd, SBI Capital Markets Ltd, Nuva...