National Stock Exchange of India Receives Regulatory Approval to Advance IPO Plans
The National Stock Exchange of India has received regulatory approval to proceed with its initial public offering. The move follows a multi-year legal dispute.
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The National Stock Exchange of India received regulatory approval on Friday to proceed with its initial public offering, according to two people close to the matter who spoke to Reuters. This development removes a significant regulatory obstacle that has constrained the exchange's ability to begin the public listing process after a multi-year dispute with the market regulator. Earlier this month, Reuters reported that the exchange plans to file a draft prospectus for the initial public offering by the end of March.
