Exclusive NSE Set to Begin IPO Preparations, Sources Reveal

Stock24 news has heard from sources that the bourse notified its shareholders that the board has accepted the filing of a no-objection certificate (IPO) for the proposed initial public offer.

Exclusive NSE Set to Begin IPO Preparations

Exclusive NSE Set to Begin IPO Preparations

According to insiders who spoke with stock 24 news, the stock exchange is anticipated to file a no-objection certificate (NOC) in the near future, and the NSE will shortly begin preparing for another IPO.

The bourse told its shareholders that its board had accepted the filing of a no-objection certificate (IPO) for the proposed initial public offer, they stated

The change occurred a few days after Delhi High Court was notified by capital market regulator Sebi that the exchange had not filed a new request for a NOC for a listing in the secondary market.

NSE IPO; Exclusive NSE Set to Begin IPO Preparations

In response to a petition asking for the IPO process to be expedited, Sebi said that the exchange, not the regulator, was to blame for the delay.

The NSE has long sought to access the capital markets.

The NSE’s IPO documents, submitted by the exchange in 2016, were returned by Sebi in 2019.

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