Sebi's Proactive Steps Towards NSE's IPO Resolution

Markets regulator Sebi is actively exploring solutions to address the hurdles surrounding the initial public offering (IPO) of the National Stock Exchange (NSE), India's leading stock exchange by turnover. A dedicated committee has been established by Sebi to scrutinize various aspects of NSE's IPO, as announced by the regulator's chairman, Tuhin Kanta Pandey, during a press interaction following his address at the CII's annual corporate governance summit.

Ensuring Public Interest Remains Paramount

Pandey emphasized the regulator's commitment to safeguarding the general public's interest over commercial gains, especially for institutions that operate with both social and profit motives. "We will not allow commercial interest to take over the general public interest, and it is for the regulator to ensure that," he stated, highlighting the delicate balance between commercial entities serving as exchanges and the need for regulatory oversight to protect public interests.

Long-Awaited IPO Faces Delays

NSE's journey towards going public has been fraught with delays, spanning nearly nine years since its initial filing. Investigations by Sebi and ongoing court cases have been significant roadblocks in this process. However, the Sebi chairman reassured that NSE has been directed to resolve all IPO-related issues promptly, signaling a potential green light for the much-anticipated public offering in the near future.