India's NSE applies for no-objection with markets regulator for public offer, sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
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Source: Reuters
NSE IPO Process Restart: The National Stock Exchange of India (NSE) has resumed its long-delayed public offering process, seeking approval from the Securities and Exchange Board of India (SEBI), which could result in one of India's largest IPOs valued at approximately $3.2 billion.
Regulatory Challenges: NSE's previous attempts to list were hindered by legal issues and regulatory fines, but recent growth in profits and a strong options trading market have prompted management to address outstanding cases with SEBI.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
