SEBI Nears NSE IPO Approval: NoC Expected This Month, Says Chairman Pandey

• SEBI is in a "very advanced stage" of issuing the NoC for the National Stock Exchange's (NSE) IPO.
• SEBI Chairman Tuhin Kanta Pandey indicated the NoC might be issued within the current month.
• NSE's IPO has been pending for years due to governance concerns and the co-location controversy.
• The exchange reapplied for the NoC in August 2024 and settled a regulatory case in October 2024 by paying ₹643 crore.
• NSE has implemented corrective measures, including management changes, board restructuring, and compliance framework strengthening.

Why It Matters: SEBI Chairman Tuhin Kanta Pandey expects the NoC for NSE's long-awaited IPO to be issued this month.