SEBI Agrees in Principle to NSE Settlement, NOC for IPO Expected This Month

The Securities and Exchange Board of India (SEBI) has agreed in principle to a Rs 1,388 crore settlement proposed by the National Stock Exchange (NSE) to resolve long-standing colocation and dark fibre cases. This agreement clears a major regulatory hurdle, with SEBI expected to issue a no-objection certificate (NOC) for NSE's IPO later this month. Following this, NSE can formally initiate its IPO process, which is anticipated to take 6-8 months. The development has boosted shares of IFCI, which holds an indirect stake in NSE through SHCIL.