NSE Settles with SEBI for $160M to Push IPO

  Published 1 year ago

NSE pays 13.88 billion rupees to SEBI to resolve the dispute and proceed with the delayed IPO, set to be India's largest regulatory settlement.

  • The dispute began in 2019 over NSE's failure to ensure equitable access for trading members.
  • The settlement amount is record-breaking, enabling an IPO likely by May 2024 after court approval.
  • SEBI inspects NSE systems, addressing governance and tech issues before issuing a no-objection certificate.

You might like these

JSW Neo Signs First FDRE PPA

India Realty Stocks Surge on Rate Cut

India Surpasses Japan: 4th Largest Economy

$14B in U.S. Clean Energy Projects Canceled in 2025

United Spirits Q2 Profit Soars

India Spectrum Dispute: Jio, Airtel vs. Starlink

McDonald's Eyes India for AI Expansion

News that matters the most ⚡