Exclusive: NSE to begin preparations for IPO soon, say sources
The bourse informed its shareholders that its board had approved the filing of a no-objection certificate (IPO) for the proposed initial public offer, Zee Business learned from sources.
NSE will once again start preparing for an initial public offer (IPO), with the stock exchange expected to submit a no-objection certificate (NOC) soon in this regard, sources told Zee Business.
The bourse informed its shareholders that its board had approved the filing of a no-objection certificate (IPO) for the proposed initial public offer, they said.
The development comes days after capital market regulator Sebi informed the Delhi High Court that the exchange had not submitted a fresh request for an NOC for a listing in the secondary market.
Responding to a petition seeking to expedite the IPO process, Sebi stated that the delay was from the exchange's side and not the regulator's.
NSE has been looking to tap the capital market for long.
In 2019, Sebi returned NSE's IPO papers, which were filed by the bourse in 2016.
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