India's largest bourse, National Stock Exchange (NSE), has urged the Securities and Exchange Board of India (Sebi) to revisit its stance on allowing it to go public.
It has been seven years since the NSE first filed an offer document and more than five years since Sebi returned the application, the exchange said in an affidavit submitted to the Delhi High Court, which is hearing a writ petition for expediting the NSE's initial public offering (IPO). Hence, the NSE said, a "fresh view" was required, given the latest facts and circumstances for listing of its securities.
Sebi had in 2019 returned the NSE's draft red herring prospectus, filed in Ensure backbone is stable: CJI to 2016, and advised it to make a fresh fil- Sebi, SAT amid surging markets ing upon resolution of the investigation in the colocation matter (colo). In the affidavit filed on June 19, the exchange said: "It may be noted that complete resolution of all the pending cases may not be feasible at this juncture considering that some of them are before the Supreme Court."
Esta historia es de la edición July 05, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 05, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Bear hugs to rolling tears: T20 World Cup a treat for brands
First came the Rohit SharmaVirat Kohli bear hug that broke the internet.
Different faces of bank frauds
Customer education key to combating digital fraud, while improved credit appraisal, underwriting, and risk management can help contain loan fraud
Gig workers Bill: Unease among startups
They write to Karnataka government, claiming proposed legislation may hurt ease of doing business
GROWTH OR DECLINE?
Understanding non-agricultural informal enterprises
Bank CD ratio: Work to restore normalcy in system continues
RBI wants banks to explain how they plan to bring it down but has set no specific target
The run continues
Fintechs' lending business is growing but the industry must mind the warning signals, reports RAGHU MOHAN
Hedge price risk: Accumulate gold bonds for wedding
Use portfolio comprising equities and fixed income to accumulate corpus for other expenses
A plea to provide more mutual fund data
It was the 1960s and the cold war was at its peak.
'See a possibility of Nifty hitting 28,000 this year'
The markets could rise another 10-12 per cent from current levels; however, there will be intermittent corrections - even after the Budget, predicts AMAR AMBANI, executive director at YES Securities India. In an interview with Sundar Sethuraman in Mumbai, Ambani says that given the government's robust revenue position, there won't be any disruptive tax measures in the upcoming Budget. Edited excerpts:
Fort Knox of finance: Where returns meet ironclad safety
Launched in March 1997, the Aditya Birla Sun Life Corporate Bond Fund has consistently ranked in the top 30 percentile of the corporate bond fund category in the CRISIL Mutual Fund Ranking (CMFR) for the past three quarters ending March 2024.
