NSE Settles with SEBI for $160M to Push IPO

  Published 11 months 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

ITCONS E-Solutions Bags Manpower Contract with Wipro

Navodaya Vidyalaya Samiti's Major Campus Projects

Yes Bank Capital Raise & SMBC Investment

Jio BlackRock Mutual Fund Approved

India-US Trade Deal Could Boost Growth

Metro Brands Q2 Profit Falls

CNC & 3D Printing for Indian MSMEs

News that matters the most ⚡