NSE IPO Approval Expected by Month-End, Boosting Unlisted Share Prices
20 hours agoBusiness
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3 SourcesMumbai, India
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NSE IPO Approval Expected by Month-End, Boosting Unlisted Share Prices

The National Stock Exchange (NSE) is nearing approval for its Initial Public Offering (IPO), with Securities and Exchange Board of India (Sebi) chief Tuhin Kanta Pandey indicating a no-objection certificate (NoC) is likely by month-end. This news has boosted the prices of NSE's unlisted shares, reaching approximately Rs 2,050-2,160. Competitor BSE's stock also saw a surge, while IFCI's shares rose due to its stake in an NSE-related entity. Market participants anticipate increased activity in the unlisted space.

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