NSE IPO Nears Approval: SEBI Chief Hints at NOC This Month

• SEBI Chairman Tuhin Kanta Pandey announced that the National Stock Exchange (NSE) may receive its No-Objection Certificate (NOC) this month.
• The NOC will pave the way for NSE to launch its highly anticipated Initial Public Offering (IPO).
• NSE's IPO process has been stalled since 2016 due to regulatory and legal issues, including co-location and dark fiber access.
• The exchange has repeatedly sought NOC from SEBI, with the latest request in August 2024.
• NSE already boasts a significant public shareholder base of approximately 1.72 lakh investors, with no promoter holding.

Why It Matters: NSE's long-awaited IPO is set to move forward as SEBI is likely to issue the NOC this month.