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  3. SEBI closes proceedings against NSE, others in co-location case; decisi…

SEBI closes proceedings against NSE, others in co-location case; decision clears path for IPO

13 Sept 2024

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Key Takeaways

SEBI closed the co-location case due to insufficient evidence, which may enable NSE’s long-delayed IPO.

SEBI closed the co-location case due to insufficient evidence, which may enable NSE’s long-delayed IPO.

NSE limited unlisted shares

National Stock Exchange (NSE)

DRHP filed0.00%

Expert Analysis

SEBI Closes NSE Co-Location Case, Clearing Path for Delayed IPO.

Expert Analysis

  • Case Disposal Date: On September 13, 2024, SEBI disposed of the proceedings against NSE in the co-location case.

  • Insufficient Evidence: SEBI found gaps in NSE's due diligence but concluded there was insufficient evidence for the conclusion and closed the case without any direction 

  • Impact on IPO: The closure of the case may facilitate NSE’s delayed IPO, which had been stalled since 2016 due to the controversy.

  • IPO Reapplication: Last month, NSE resumed its long-pending public offering process and reapplied for a ‘no-objection’ from the market regulator.

Publisher:BT MARKET TODAY