Mumbai, March 12 -- National Stock Exchange of India Limited on Thursday concluded the process for the selection of merchant bankers, law firms and other intermediaries for its proposed Initial Public Offering (IPO).

The selection process was carried out in accordance with the framework and evaluation methodology approved by NSE's IPO Committee and was conducted through a structured, transparent and competitive process, the stock exchange said in a statement.

The twenty merchant bankers selected include Kotak Mahindra Capital Company Limited, JM Financial Limited, Axis Capital Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited), Motilal Oswal Investment Advisors Limited, ICICI Securities Limited, SBI Capit...