NSE IPO: Exchange Denies Seeking Govt's Help In Long-Pending IPO, Says No Correspondence In 30 Months
NSE IPO: NSE denies a media report suggesting that the exchange is seeking the Ministry of Finance's help to intervene in long-pending IPO.
NSE IPO: The National Stock Exchange (NSE) has clarified that it has not approached the Ministry of Finance regarding its long-pending Initial Public Offering (IPO), contrary to a recent media report.
Recommended Stories
NSE stated that it has not made “any such representation to the Union Government in the last 30 months." There has been no communication between NSE and the Ministry of Finance on this issue.
Clarification – Denial of a Reuters Story on NSE IPOA news agency – Reuters has published a story that NSE has sought intervention from Government relating to NSE IPO.
The story is denied by NSE.
NSE has not had any correspondence with Government of India in last 30 months…
— NSE India (@NSEIndia) May 8, 2025
The media report in question claimed that NSE had contacted the finance ministry after its March application for a ‘No Objection Certificate’ (NOC) from SEBI stalled. The report also suggested that NSE requested the ministry to engage with SEBI’s new leadership to address regulatory concerns.
NSE IPO Last Update
The National Stock Exchange (NSE) had once again approached the Securities and Exchange Board of India (SEBI) in March this year, seeking a No Objection Certificate (NOC) to move forward with its long-delayed initial public offering (IPO).
The NOC is a key requirement for NSE’s listing process, which has been stalled for over eight years. The exchange had initially filed its draft red herring prospectus (DRHP) in December 2016 but has since faced regulatory hurdles.
In a letter dated March 28, NSE requested SEBI’s permission to take further steps towards its IPO, including filing the DRHP with the regulator. The letter was addressed to V S Sundarasan, Executive Director of SEBI’s Market Regulation Department.
“… we hereby submit this request letter to SEBI for seeking NOC/permission to take further actions towards listing of shares of NSE including filing the DRHP with SEBI," according to the NSE letter.
- Location :
- First Published: