ChrysCapital to Raise $300 Million to Keep India Bourse Stake

ChrysCapital Management Co. is looking to raise as much as $300 million for a new fund that will allow the buyout firm to hang on to its minority stake in India’s main stock exchange.

The Indian private equity company is working with a team at UBS Group AG for a so-called continuation fund that will give it more time and capital to hold its investment in National Stock Exchange of India Ltd., according to people familiar with the matter.

ChrysCapital bought a 5% stake in NSE, one of the largest stock exchanges in the world, in 2016. The ...