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After a decade-long wait, NSE finally gets SEBI’s green signal to float IPO

National Stock Exchange (NSE) has announced that it has received the Securities and Exchange Board of India’s (IPO) approval for its long-awaited initial public offer (IPO).
NSE’s IPO plans had been stalled for more than a decade, as the markets regulator had not granted approval due to regulatory concerns related to governance lapses and the co-location case.
With SEBI’s nod in place, NSE will now finalise the structure and timing of its IPO. NSE is reportedly said to be planning to file its Draft Red Herring Prospectus (DRHP) by the March-end and is in discussions with investment bankers and law firms to finalise the IPO papers.
However, the NSE IPO depends on the clearing of the DRHP.
“We are delighted to receive SEBI approval for our IPO – a significant milestone in our growth journey. With SEBI’s approval, we embark on a new chapter of value creation for all our stakeholders,” NSE Chairperson Srinivas Injeti has said.
“This approval also reinforces confidence in NSE being an integral part of the Indian economy and a beacon of Indian capital markets,” he has added in a statement.
NSE has been trying to list its shares since 2016. However, the plan was held up due to regulatory probes linked to its co-location facility and broader governance issues.

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