Stocks

NSE seeks SEBI nod for IPO again

Our Bureau New Delhi | Updated on January 06, 2020 Published on January 06, 2020

Likely to float the IPO by the third quarter of the calendar year

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.

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Published on January 06, 2020
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