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Informist, Monday, Sep. 1, 2025

 

--NSE MD Chauhan:No update yet from SEBI on no-objection certificate for IPO 

 

By Kabir Sharma

 

MUMBAI – There is no update from the Securities and Exchange Board of India on the no-objection certificate for the initial public offering of National Stock Exchange of India Ltd., Managing Director and Chief Executive Officer Ashish Chauhan told Informist on the sidelines of an event here Monday. 

 

Earlier last month, SEBI Whole-Time Member Kamlesh Chandra Varshney had said that the exchange is yet to file a draft red herring prospectus for its proposed initial public offering. 

 

In a conference call with investors and analysts on Jul. 30 after releasing NSE's June quarter earnings, Chief Financial Officer Ian De Souza had said the exchange had written to SEBI "in terms of compliances on earlier letters" that the exchange had received from the regulator "on the subject of NOC (no-objection certificate) for IPO". De Souza had said that in the NSE's opinion, it had "cleared all the observations that SEBI had and questions have been given answers to". According to him, the NSE is waiting for a final observation from SEBI on its application for the no-objection certificate for its public issue.

 

NSE was planning to restart the process of an initial public offering and prepare a new draft red herring prospectus only after it receives a no-objection certificate from the SEBI, Chauhan had said earlier this year.

 

Asked about any update on the co-location case in which two brokers were accused of abusing the co-location facility provided by the National Stock Exchange in order to get faster access to data, another official from the exchange refused to comment.  End

 

Edited by Tanima Banerjee

 

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