SEBI Chief Hints NSE IPO NOC Soon, IFCI Shares Surge 10% on Stake Value

• SEBI chief Tuhin Kanta Pandey indicated that the no-objection certificate (NOC) for NSE's IPO is expected by the end of January.
• IFCI shares jumped 10% following the news, driven by its indirect 2.35% stake in NSE through Stock Holding Corporation of India (SHCIL).
• IFCI's stake in NSE is valued at nearly Rs 13,000 crore, close to its own market capitalization of Rs 16,400 crore.
• SEBI has also agreed in principle to a settlement, removing a major regulatory hurdle for NSE's listing.
• Despite the progress, NSE MD & CEO Ashish Chauhan stated the IPO is still 6-8 months away after receiving the written NOC, due to DRHP preparation and regulatory review.

Why It Matters: SEBI's imminent NOC for NSE IPO sparks IFCI share rally, but NSE listing remains months away.