Overview

• SEBI chief Tuhin Kanta Pandey said unresolved legal matters will be settled before the IPO proceeds
• Pandey clarified that demerging clearing corporations from their parent exchanges is not a requirement for the offering
• The regulator has formed a working group to review how clearing corporations are funded, putting structural demerger plans on hold
• Unlisted shares of the NSE climbed to a record Rs2,300, lifting its implied valuation to about Rs5.69 lakh crore
• The exchange reported a 47% jump in net profit to Rs12,188 crore for FY25, bolstering market optimism ahead of the IPO