SEBI Agrees 'In-Principle' to NSE's Settlement Plea, Paving Way for IPO

• SEBI has given an "in-principle" agreement to NSE's settlement plea regarding the unfair market access case, a crucial step for its IPO.
• NSE had offered to pay ₹1,388 crore to settle charges related to the colocation case, which has delayed its public listing since 2016.
• SEBI chairman Tuhin Kanta Pandey confirmed the agreement, while NSE MD Ashish Kumar Chauhan called it "good news" but awaits official intimation.
• The IPO process, including filing the DRHP and regulatory clearance, is estimated to take over seven months after SEBI issues the NOC.
• Pandey also highlighted recurring disclosure gaps by investment bankers, emphasizing the need for independent due diligence and transparent offer documents.

Why It Matters: SEBI's in-principle nod to NSE's settlement clears a major hurdle for its long-awaited IPO.