SEBI Chairman Tuhin Kanta Pandey announced that there are no remaining obstacles for the National Stock Exchange (NSE) to proceed with its highly anticipated IPO, although he declined to specify a timeline, including whether it could happen before Diwali. NSE CEO Ashish Kumar Chauhan confirmed the exchange is awaiting a No Objection Certificate (NOC) from SEBI, after which it will file its draft red herring prospectus (DRHP). Recent statements from SEBI indicate that pending issues surrounding the IPO will soon be resolved, with the regulator emphasizing a strict stance against market manipulation, particularly in SME IPOs and derivative trades, and promising increased vigilance moving forward.
SEBI Clears Path for NSE IPO as No Obstacle Remains, but Timeline Uncertain
