NSE gets key approval for its IPO, settlement to follow in due course
Moneycontrol
The NSE has received key approval from SEBI to proceed with its IPO filing, expected to launch in 8-9 months.Summary
The National Stock Exchange (NSE) has received a No Objection Certificate (NOC) from the Securities and Exchange Board of India (SEBI), allowing it to officially engage with merchant bankers and law firms to prepare its application document for an Initial Public Offering (IPO). The IPO is anticipated to launch within 8-9 months, but will be an Offer for Sale, meaning no new funds will be raised by the exchange. This approval follows a lengthy regulatory process and comes as NSE is set to pay approximately Rs 1,400 crore to settle co-location and dark fibre cases. The NSE can now move forward with filing the Draft Red Herring Prospectus (DRHP) for its IPO.
(Source：Moneycontrol)