Nse ipo update: If you are waiting for the initial public issue (IPO) of the National Stock Exchange (NSE) if you are waiting for the stock market index monitoring organization. Actually, Tuhin Kant Pandey, chairman of the Securities and Exchange Board of India (SEBI), has given an update about this IPO.
He said that the market regulator is monitoring issues related to IPO. Along with this, he clarified that while deciding the schemes, business interests will not be allowed to dominate the interests of the general public.
Tuhin Kant said – We will not allow commercial interests to dominate the interests of the general public and it is the regulator’s job to ensure. Pandey said that India has adopted a model in which commercial or profit -making institutions have become stock exchange. He clarified that it is the task of the regulator to ensure that the interests of the general public are not compromised. He said that it is also a regulator’s job to resolve any dispute in the stock markets.
When asked when the regulator is planning to resolve these issues, he said that this work will be done as soon as possible. Significantly, NSE’s IPO scheme has been stuck for the last eight years. The Equity Exchange had sought a No Objection Certificate from the regulator to pursue the plan this year.
organizing committee
SEBI has set up an internal committee to consider the IPO of NSE and the market regulator has asked the NSE to resolve all issues. According to the report, SEBI’s concerns include compensation to prominent management personnel and a multiplicity ownership in clearing corporations and other companies.
The important information is that NSE first applied for listing in 2016, but SEBI did not approve it due to regulatory concerns. In 2019, SEBI asked NSE to resolve its co-place issue. Although NSE has sought approval from SEBI several times since, the green signal is still awaited.
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