NSE IPO: SEBI Chief Reaffirms Clearance, Says Demerger Not A Condition
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Meanwhile, shares of the National Stock Exchange (NSE) in the unlisted market surged to a record high of Rs 2,300 in recent times.
NSE IPO: The Securities and Exchange Board of India (SEBI) chief Tuhin Kanta Pandey reiterated that there will be no hurdle now for the National Stock Exchange (NSE) to launch its long-awaited Initial Public Offering (IPO). In an event at CFO awards in Mumbai, he told that there is no obstacle that will remain in case of NSE-IPO.
Pandey clarified that the demerger of clearing corporations before the NSE IPO is not an obstacle. 'That particular thing is not really an obstacle in terms of an IPO process," he stated. He added that the consultation paper on the demerger reflects the regulator's thoughts and is not a final policy decision.
Further commenting on NSE, Pandey said, 'I think they are resolving all the issues. There are some legal settlements and other matters, which will require some payments and the withdrawal of certain cases."
Unlisted Shares' Price Touching Record High
Meanwhile, shares of the National Stock Exchange (NSE) in the unlisted market surged to a record high of Rs 2,300 in recent times after reports surfaced indicating SEBI's relaxation on hurdles. Experts said NSE's share price in the unlisted market has jumped to Rs 2,300, pushing its market cap to around Rs 5.69 lakh crore—an all-time high on May 28th.
Earlier, The National Stock Exchange (NSE) had clarified that it has not approached the Ministry of Finance regarding its long-pending Initial Public Offering (IPO), contrary to a recent media report.
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