NSE co-location case settlement approved internally, resolution expected soon: SEBI Chief
SEBI Chairman Tuhin Kanta Pandey confirmed that the regulator has internally approved the settlement for the NSE co-location case, paving the way for a resolution soon.Summary
SEBI Chairman Tuhin Kanta Pandey announced on Friday that the regulator has internally approved the proposed settlement regarding the long-pending National Stock Exchange (NSE) co-location case. He stated that the matter is expected to reach closure soon. This development is significant as it clears a major hurdle for NSE's much-delayed initial public offering (IPO). In its draft red herring prospectus (DRHP), NSE disclosed a provision of Rs 1,391 crore for the settlement and proposed a revised amount of Rs 1,491 crore, which is awaiting final regulatory approval. The exchange has already deposited substantial sums with SEBI, and the total settlement proposals for the co-location and dark fibre cases amount to Rs 1,491.21 crore.
(Sourceļ¼Social News Xyz)