The Securities and Exchange Board of India (SEBI) is actively working to address and resolve key concerns surrounding the long-awaited initial public offering (IPO) of the National Stock Exchange of India (NSE), said SEBI Chairperson Tuhin Kanta Pandey on Thursday. Speaking in Bengaluru, Pandey assured that public interest would remain paramount as the regulator continues reviewing the IPO proposal.
According to sources quoted by CNBC-TV18, SEBI’s internal committee is now set to discuss NSE’s IPO proposal in detail. The exchange had filed for a No Objection Certificate (NOC) with SEBI on March 28, 2025, but the regulator had earlier flagged several critical issues and requested resolutions from NSE.
Among the concerns raised by SEBI were:
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Salary structures of key managerial personnel (KMPs)
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Ownership structure of the clearing corporation
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Past technical glitches
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Unresolved aspects of the infamous co-location case
Following SEBI’s observations, NSE has submitted its response and relevant NOC documentation addressing these concerns. The regulator will now evaluate NSE’s responses as part of its ongoing review process.
Pandey reiterated that SEBI is committed to protecting investor interests while facilitating growth and transparency in Indian capital markets.
