Overview

• NSE has proposed a total settlement of Rs1,388 crore with SEBI, including Rs1,165 crore for co-location and Rs223 crore for dark fibre allegations
• SEBI Chairman Tuhin Kanta Pandey confirmed that no regulatory obstacles remain for the exchange’s long-awaited IPO
• SEBI is expected to grant a no-objection certificate within three months, setting up a possible listing before May 2026
• Unlisted NSE shares jumped to fresh highs around Rs2,300 following news of the settlement and regulatory clearance
• The exchange’s IPO, first filed in 2016, was stalled by co-location and dark fibre cases over unfair server access by brokers dating back to 2015