360 One Asset has raised its valuation of India’s National Stock Exchange (NSE) to $29.9 billion, significantly exceeding the previous valuation of $18-19 billion from private transactions last year. This move reflects growing confidence in India’s economic prospects and an increase in public listings on the exchange.

NSE’s revenue for the financial year ending in March reached $1.94 billion, a 28% increase compared to the previous year. The exchange, which counts companies like CPPIB, Temasek, and Tiger Global among its investors, continues to gain prominence in global financial markets. Late last year, the total market capitalization of companies listed on the NSE surpassed that of companies on the Hong Kong Stock Exchange.

NSE did not provide comments on the matter. 360 One Asset also declined to comment.