NSE IPO Approval: CEO Ashish Chauhan Calls SEBI's Nod a 'Divine Sign' After Tirumala Pilgrimage

• NSE CEO Ashish Chauhan described SEBI's IPO approval as a 'divine sign' coinciding with his pre-planned Tirumala pilgrimage.
• The long-awaited NSE IPO faced years of delays and regulatory hurdles, including governance concerns and the co-location case.
• SEBI Chairman Tuhin Kanta Pandey confirmed the regulator is in 'very advanced stage' of issuing a no-objection certificate for NSE's listing.
• NSE reapplied for approval in 2024 after settling the trading access case with a Rs 643 crore penalty and implementing governance improvements.
• Andhra Pradesh IT Minister Nara Lokesh welcomed Chauhan, calling the potential IPO 'historic' as old concerns are addressed.

Why It Matters: NSE's long-delayed IPO is finally nearing approval, with its CEO attributing the timing to divine intervention.