NSE Board Approves IPO Plan, Forms Committee Under T. Pandian

• National Stock Exchange (NSE) board approves IPO plan and creation of a coal exchange subsidiary.
• IPO Committee, chaired by T. Pandian, formed to oversee public issue activities and advance listing process.
• NSE targets filing Draft Red Herring Prospectus (DRHP) by end of March or early April.
• Proposed IPO will be an Offer For Sale (OFS) of approximately 4.5% equity, valued at around INR 23,000 crore.
• NSE to invest up to INR 100 crore in the new coal exchange subsidiary, holding at least a 60% stake.