NSE files for SEBI NOC to gain approval for long-awaited IPO listing

The National Stock Exchange (NSE) has asked for approval to launch its initial public offering (IPO) by applying for a no-objection certificate (NOC) from the Securities and Exchange Board of India (SEBI). NSE provided this information to shareholders during their annual general meeting. Sebi had previously indicated to the Delhi High Court that NSE had not submitted a new request for NOC. Foreign investors have been selling shares in large amounts, with NSE's IPO plans stalled since 2016. The next hearing on the matter is scheduled for December, and while shareholder approval for a bonus issuance has been obtained, Sebi's approval is pending.