04 April 2024
The National Stock Exchange is ready to begin its IPO process, but is waiting for green light from capital markets regulator SEBI to take the country's largest stock exchange public, said MD and CEO Ashish Chauhan on April 4 in Mumbai.
Once the market regulator is more comfortable with NSE's operations, the exchange will be allowed to re-apply to float its issue, Chauhan told a delegation of journalists. "As and when SEBI becomes more comfortable, they will tell us to apply (for IPO) and we will go ahead," Chauhan had said in 2023.
NSE’s listing has been delayed by several years after the exchange got embroiled in corporate governance issues, ranging from its former executive’s role in the 2015 co-location scam to issues with respect to multiple technological failures.
Following its earnings call for Q3FY24 results, international brokerage Jefferies said that the exchange's management "dismissed media reports and indicated that it has not received any clarity on timelines".
The National Stock Exchange is ready to begin its IPO process, but is waiting for green light from capital markets regulator SEBI to take the country's largest stock exchange public, said MD and CEO Ashish Chauhan on April 4 in Mumbai.
Once the market regulator is more comfortable with NSE's operations, the exchange will be allowed to re-apply to float its issue, Chauhan told a delegation of journalists. "As and when SEBI becomes more comfortable, they will tell us to apply (for IPO) and we will go ahead," Chauhan had said in 2023.
NSE’s listing has been delayed by several years after the exchange got embroiled in corporate governance issues, ranging from its former executive’s role in the 2015 co-location scam to issues with respect to multiple technological failures.
Following its earnings call for Q3FY24 results, international brokerage Jefferies said that the exchange's management "dismissed media reports and indicated that it has not received any clarity on timelines".
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