Comments
The National Stock Exchange has approached market regulator SEBI for its proposed IPO.
Once SEBI gives its go-ahead, then NSE will start appointing merchant bankers and file a new updated document (draft prospectus) with SEBI, sources in the stock exchange said.
NSE has revived its listing plans now that the six months bar (in the co-location case) imposed by SEBI in 2019 is over. It has written a letter to SEBI seeking approval for the IPO, which is most likely going to be an offer-for-sale, it is learnt.
SEBI had also in April 2019 asked NSE to disgorge more than ₹625 crore along with 12 per cent interest a year in connection with the co-location case, which rocked the nation.
It may be recalled that in December 2016, the NSE had filed draft documents for its ₹10,000-crore IPO.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.