SEBI Signals NSE IPO NOC Possible This Month
The regulator points to NSE governance fixes following a major probe settlement.
Overview
- SEBI Chairman Tuhin Kanta Pandey said the approval is at a very advanced stage and could be issued within January, though he gave no firm date.
- NSE first filed to list in 2016, reapplied for the NOC in August 2024, and in October 2024 paid Rs 643 crore to settle the TAP/connectivity case.
- Pandey said NSE has implemented changes in senior leadership, reconstituted its board, and strengthened compliance frameworks.
- SEBI is deploying an AI tool, AI Sudarshan, to identify online market violations, with over 100,000 takedowns reported in recent months.
- Investor safeguards now include the SebiCheck verification tool and state police nodal officers to counter scams that misuse the regulator’s name.